We’ve talked about security challenges and how banks and financial organizations might cash in with Big Data, but what about the cloud? Is it best to look for your solution cloud infrastructure first and then add on the necessary security, or shop for both at the same time?
Recently, Gartner published a report entitled, “Case Study: Securing the Cloud.” The analyst firm describes its case study as follows: “A Europe-headquartered global financial services company used processor-intensive, dynamic data analytics applications to process complex information and provide the results to financial analysts. The application handled multiple types of data — some very sensitive — and the output of the application was business-critical information….The application supports about 5,000 global users.”
Is your organization taking the plunge and adopting cloud technology to gain a competitive advantage? If so, you’re not alone: Eight in 10 companies are using some form of cloud technology, a recent survey of 500 IT decision-makers by IT industry association CompTIA shows.
Adopting cloud technology is a great move, but it’s not the end-all.
Businesses today are facing many challenges, but some of those organizations have found the answer at least to one of those challenges: How to best manage IT in today’s ever-changing market.
So what’s the answer? We’ve talked about organizations moving toward network managed services for improved network performance and reduced cost of ownership, but what about managed hosting and data center services? A recent study by The Aberdeen Group found that of those using a Managed Services Provider (MSP), 75% of those surveyed had used MSPs for more than a year and were already reporting the benefits.
Across industries, organizations are collecting and using large sets of data to get a leg up on the competition. One industry that has been particularly aggressive at harnessing the power of data is the banking business.
And it’s no wonder. In 2009, the McKinsey Global Institute estimated that U.S. banks and capital markets firms collectively had more than one exabyte of stored data. And, according to IDC Financial Insights, the volume of digital content is expected to increase this year from last by 48 percent.
We keep hearing about the various advantages that cloud adoption brings to an organization, such as agility, automation, and worker mobility. But what about the bottom line? Is virtualization a worthwhile investment for your business?
Big Data isn’t just near. It’s here.
And though IT professionals are no strangers to handling large amounts of information, the sheer breadth, depth, velocity and variability of the data that enterprises are producing and processing requires new ways of thinking about data management.
Unfortunately, many organizations are behind the curve when it comes to controlling the data flow.
Time is money. And when it comes to your data, downtime can be a disaster.
According to a survey by the Aberdeen Group — illustrated below — organizations lose an average of $138,000 for every hour their data centers are down. For companies with more than 1,000 employees, that’s $1.1 million per year.
When it comes to managing data, IT professionals face challenges of boosting efficiency, keeping energy and operations costs down, increasing business continuity, and optimizing performance. For IT professionals in midsize businesses, or those in larger corporations who are dealing with growing access and application needs, managing an in-house data center increasingly is a burden in need of relief.
What’s the solution?