Re-Architecting MyBalance’s Infrastructure for Cost Efficiency and Downtime Mitigation

Overview

MyBalance provides digital tools that help individuals and businesses manage their finances. The platform enables users to track spending, set budgets, and make informed financial decisions. Serving a diverse range of users, from everyday consumers to small and medium-sized enterprises, MyBalance empowers them to gain greater control over their financial health.

However, as the user base grew, MyBalance encountered challenges in managing increasing traffic, leading to system downtime and negatively impacting user experience. To resolve these issues, MyBalance partnered with CloudPlexo, a cloud consulting company, to redesign their infrastructure for better performance, scalability, and cost-efficiency.

Problem

MyBalance's existing infrastructure struggled to handle sudden traffic spikes, causing high CPU usage and system crashes. This downtime disrupted access to the platform, leading to poor user experiences and financial risks.

Solution

CloudPlexo helped MyBalance redesign its platform with a dynamic auto-scaling solution. The new infrastructure automatically adjusted the number of servers based on real-time traffic needs:

• During periods of high demand, the system automatically added more servers to handle the load.
• When traffic decreased, the system scaled down by reducing the number of active servers, saving costs during quieter times.

The primary goal of this project was to develop a highly optimized cloud infrastructure on AWS, significantly boosting MyBalance’s platform capabilities.

Architectural Changes

With CloudPlexo’s guidance, MyBalance adopted a range of AWS services and DevOps practices:

• AWS CodeDeploy: Automated app deployments, ensuring smooth and reliable updates.
• GitHub Actions: Enabled continuous integration and deployment (CI/CD) for faster updates.
• Amazon S3: Stored deployment artifacts securely.
• Amazon EC2: Provided scalable hosting for MyBalance’s applications.
• Elastic Load Balancer (ELB): Distributed incoming traffic evenly to avoid overloading individual servers.
• Amazon VPC: Enhanced network security and isolation.
• Amazon ECR: Managed container images for consistent application deployment.

Benefits

• Scalability: The auto-scaling system enabled MyBalance to adjust to varying traffic loads and maintain a smooth user experience during peak times.
• Reduced Downtime: The new infrastructure significantly decreased system outages, improving reliability and user trust.
• Cost Efficiency: The system automatically scaled down during low-traffic periods, cutting unnecessary costs.
• Faster Deployment: Automated deployment processes reduced manual intervention, speeding up updates.
• Improved Performance: Load balancing and containerized deployment enhanced system performance and resource utilization.

By partnering with CloudPlexo to re-architect its infrastructure, MyBalance improved cost management, minimized downtime, and enhanced the user experience, leading to greater customer satisfaction and long-term operational success.