Database growth has often been accepted as a natural consequence of being in business and adding more storage has been the solution. The cost implications of adding storage can be enormous, reaching from simple infrastructure upgrades through to customer frustration and lost business opportunities.
With budgets under ever more scrutiny it is essential for companies to strip out unnecessary expenditure. Proactively managing the size of production databases by archiving non-current data on a daily basis delivers significant and ongoing cost savings.
Managing the financial services data explosion
Although the financial services sector has had a pretty rocky time of late we know that "the show must go on" and that you still need to provide a reliable and responsive service to your customers and stakeholders.
Recent events have seen many mergers and acqusistions in the sector, thus creating a "data headache" for many organisations. Suddenly the amount of data within an organisation has grown massively, putting pressure on response times, SLA’s and customer service.
In addition to growing data volumes, financial services organisations are facing increasing pressure to comply with regulations such as the Data Protection Act. Facing potencial fines, not to mention the unwelcome bad PR of non compliance, could be highly damaging to the business.
In our upcoming webinar IBM Data Champion, Julian Stuhler, chats to industry insider Andrew Crouch about his experience of implmenting a data archiving strategy.
Join the webinar – 9th July, 11am