TELEHOUSE has always appealed to the financial market because of low latency fiber routes and SSAE16 (Statement on Standards for Attestation Engagements No. 16) certified facilities (previously known as SAS70). It is no surprise to many that financial services firms are constantly focused on determining more efficient and secure ways with which to process workloads and manage data. Data centers are an integral part of an effective IT strategy. What can these companies do to improve the data center experience? How can old computing models be replaced with the new? What are the costs and processes involved?
According to the recent Wall Street & Technology article by Melanie Rodier, a ‘small revolution is taking place in the world of data centers’.
The article examines the activity of large financial firms such as JP Morgan, that are transitioning from utilizing older computing models into newer, more streamlined ones.
“In the legacy model, you used to build an application, and then you would create the infrastructure to accommodate it,” says Peter Ahrens, managing director and chief technology officer at New York-based JP Morgan. “So the applications themselves created the infrastructure design.”
The new model allows companies like JP Morgan to not only build the infrastructure, but the application is designed to fit the existing business environment. Beneficially, the new model is also available on demand and less expensive.
Financial institutions are constantly searching for new ways to overcome obstacles. A huge challenge that financial firms commonly face today is in regards to planning their own multimillion dollar data centers; often representing a 10-year investment. In doing so, the companies must attempt to envision their power, server and storage needs for the next decade before they start to build. So, what is the issue here? Technologies, storage and data requirements evolve extremely rapidly in today’s world; and present needs may drastically differ from what will be needed five, even three, years from now.
In response to the challenge, firms like JP Morgan, are now building more-flexible data centers. The firm is staying true to its motto of not spending money and building materials until it’s needed. With this, companies are better able to build out the data centers based on the current specifications of what the business requires.
Other companies are also steadfastly consolidating existing data center facilities, investing in data center virtualization as opposed to legacy facilities, and actively seeking data center providers that can provide centralized, secure, cost-effective, scalable back up options.
Contact TELEHOUSE today to learn more about how we can provide your place of business with a secure and reliable IT infrastructure. Please email sales@telehouse.com or call 718-355-2500. If you’d like to know more about Wall Street and Technology you can follow Melanie Rodier at @mrodier on Twitter!