Phillips 66 Selects Cohesity to Consolidate Data Protection Operations, Increase Security, and Reduce Costs
Phillips 66 (NYSE: PSX), a leading energy provider, has selected Cohesity to modernize its data protection operations. By implementing Cohesity DataProtect, Phillips 66 has consolidated its previously fragmented data protection environment, which consisted of five separate tools. This consolidation has resulted in:
1. Reduced management time and increased efficiency
2. Enhanced data security
3. Cost savings over a three-year period
4. Decreased cloud costs
5. Improved focus on value-driving activities
The move allows Phillips 66 to implement comprehensive security features and future-proof its business. Rick Snell, Phillips 66's Digital Foundations and Enterprise Architecture manager, expressed confidence in the advanced security capabilities provided by Cohesity's platform approach.
- Consolidation of five disparate data protection tools into a single platform
- Reduced time spent managing data protection environment
- Increased data security
- Cost savings over a three-year period
- Decreased cloud costs
- Improved focus on value-driving business activities
- None.
Insights
The collaboration between Phillips 66 and Cohesity represents a significant technical advancement for the energy provider. Consolidating multiple data protection tools into Cohesity DataProtect can streamline operations, enhance security measures and reduce costs. Cohesity's advanced AI-driven data security features significantly improve Phillips 66's ability to protect against cyber threats, which have become increasingly prevalent.
From a technical standpoint, eliminating redundant systems simplifies IT management, making it easier for Phillips 66's team to focus on strategic initiatives rather than routine maintenance tasks. This can lead to better resource allocation and improved productivity. Additionally, by reducing the number of tools needed, Phillips 66 can also scale its infrastructure more efficiently.
This move reflects an industry-wide trend of adopting integrated solutions to address complex IT challenges, reducing the risk of human error and enhancing overall operational resilience. The advanced security capabilities of Cohesity’s platform are particularly noteworthy, given the rising number of ransomware attacks targeting large corporations.
Phillips 66's decision to implement Cohesity DataProtect is likely to have several financial benefits. By consolidating its data protection operations, the company can achieve substantial cost savings over a three-year period. Reducing the number of tools used not only cuts licensing costs but also reduces the operational expenditure associated with managing multiple systems.
Additionally, increased data security will mitigate the financial risks associated with potential data breaches or ransomware attacks, which can be extremely costly. The enhanced efficiency and reduced cloud costs will likely improve Phillips 66's profit margins and potentially free up capital for other investments or operational improvements.
This strategic move can also positively impact investor sentiment, as it demonstrates the company's commitment to modernizing its operations and protecting its assets. While the exact financial figures are not disclosed, the projected cost savings and improved efficiency are likely to reflect positively in the company's financial performance over the coming years.
Leading Energy Provider Eliminates Multiple Tools with Cohesity DataProtect
Previously, Phillips 66 relied on five disparate and siloed data protection tools in its environment. This forced backup teams to spend significant time managing these tools, creating inefficiencies, impacting productivity, and driving up cloud costs as the team managed different tools across cloud platforms. These siloed solutions hindered Phillips 66 from implementing the comprehensive security features it needed to future-proof its business and allow it to focus on value-driving activities.
“Our backup team was working around the clock to manage our data protection environment across several products,” said Rick Snell, Phillips 66 Digital Foundations and Enterprise Architecture manager. “Cohesity’s platform approach will reduce our management burden substantially, allowing our team to focus on moving our business forward instead of the tedious work of managing disparate systems. We have much more confidence in how we protect our data because of the advanced security capabilities Cohesity provides.”
After a competitive evaluation, Phillips 66 selected Cohesity DataProtect to consolidate its data protection into a single platform to reduce management overhead, secure its critical assets, and bring down its spending on cloud services. This will allow the company to drastically reduce the time spent managing different tools, allowing the backup team to refocus its efforts on other value-adding business activities.
“Global organizations like Phillips 66 need simplified strategies to protect their data against the explosive growth of ransomware and cyber attacks,” said Kit Beall, chief revenue officer, Cohesity. “Cohesity DataProtect is an all-encompassing backup and recovery solution, and we’re delighted to work with Phillips 66 to modernize their operations, reduce costs, and improve their security posture.”
About Cohesity
Cohesity is a leader in AI-powered data security and management. Aided by an extensive ecosystem of partners, Cohesity makes it easier to secure, protect, manage, and get value from data – across the data center, edge, and cloud. Cohesity helps organizations defend against cybersecurity threats with comprehensive data security and management capabilities, including immutable backup snapshots, AI-based threat detection, monitoring for malicious behavior, and rapid recovery at scale. Cohesity solutions can be delivered as a service, self-managed, or provided by a Cohesity-powered partner. Cohesity is headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240718460765/en/
Press contact
Michael Thacker
michael.thacker@cohesity.com
+1-415-205-8326
Source: Cohesity
FAQ
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