Time is Money. This phrase drives business throughout the world, but the phrase rings loudest to the financial industry. Growing customer bases, expanding on-line real-time transactions, and burgeoning regulations all increase the burden on financial services data centers. As though business factors are not enough, technology initiatives that seek to simplify by centralizing systems and storage expose previously hidden bottlenecks. Modern applications that search to deliver on the promises of OLTP and OLAP send wave after wave of transactions and complex inquiries to burdened platforms. Financial services companies respond to these challenges with products from Texas Memory Systems. Our focus on performance means that financial service companies can:
- Quickly respond to customer inquiries
- Expand internal and external service offerings
- Reduce batch processing times
- Improve profitability
SSD and the Securities Industry
The 451 Group Analysis of Using SSD in the Financial Services Industry
Utilizing Solid State Disks in the Financial Industry
- Improve customer satisfaction and grow your revenue. Your revenues depend on offering this information with a minimum of human interaction. The migration from personal services to ATM to on-line banking brings more transactions into the data center. Traditional approaches to storage have solved your problems for years, but today's growth and complexity encourage banks to adopt solid-state storage technologies at a rate higher than any other industry.
- Faster processing earns you more money. Between meeting regulatory requirements and processing customer transactions, few industries have more demanding batch processing requirements than banking. Solid state disk technology enables you to complete batch processing more quickly, which benefits your own bank account, enables extended on-line service hours, and allows time for needed preventative maintenance and upgrades.
- Maximize your existing infrastructure. One problem consistently found in banking data centers is idle processing capability. Implementing faster storage fully utilizes your expensive platform and extends its lifetime, which enables you to delay expensive and time consuming upgrades.
- Acquire market data faster. Your computer systems need up to the second data on security prices to drive analytical systems and time market purchases. With the rate of market transactions today, gathering this data requires systems that can handle unprecedented numbers of small transactions.
- Improve customer satisfaction. The time between an order's submission and its market placement or between an inquiry and its response can make or break a financial services company's relationship with its clients. Solid state disks improve response times and process more transactions than hard disk drive based storage systems.
- Maximize your existing infrastructure. One problem consistently found in securities data centers is idle processing capability. Implementing faster storage fully utilizes your expensive platform and extends its lifetime, which enables you to delay expensive and time consuming upgrades.
- Scale performance intelligently. For the storage industry, scalability usually means scalability of capacity. But what about performance? Capacity scalability only solves one problem - the inevitable swelling of data over time. It does not solve the problem of the increased popularity of specific data over time. For example, an enterprise database grows in size and requires additional capacity over time. As the database grows with the company, users will access some data increasingly often. Additional storage does not fix this problem, but faster storage from Texas Memory Systems does.
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