Condusiv Technologies Blog

Condusiv Technologies Blog

Blogging @Condusiv

The Condusiv blog shares insight into the issues surrounding system and application performance—and how I/O optimization software is breaking new ground in solving those issues.

Financial Sector Battered by Rising Compliance Costs

by Dawn Richcreek 15. August 2018 08:39

Finance is already an outlier in terms of IT costs. The industry devotes 10.5% of total revenue to IT—and on average, each financial industry IT staffer supports only 15.7 users, the fewest of any industry.

All over the world, financial services companies are facing skyrocketing compliance costs. Almost half the respondents to a recent Accenture survey of compliance officers in 13 countries said they expected 10% to 20% increases, and nearly one in five are expecting increases of more than 20%.

Much of this is driven by international banking regulations. At the beginning of this year, the Common Reporting Standard went into effect. An anti-tax-evasion measure signed by 142 countries, the CRS requires financial institutions to provide detailed account information to the home governments of virtually every sizeable depositor.

Just to keep things exciting, the U.S. government hasn’t signed on to CRS; instead we require banks doing business with Americans to comply with the Foreign Account Tax Compliance Act of 2010. Which requires—surprise, surprise—pretty much the same thing as CRS, but reported differently.

And these are just two examples of the compliance burden the financial sector must deal with. Efficiently, and within a budget. In a recent interview by ValueWalk entitled “Compliance Costs Soaring for Financial Institutions,” Condusiv® CEO Jim D’Arezzo said, “Financial firms must find a path to more sustainable compliance costs.”

Speaking to the site’s audience (ValueWalk is a site focused on hedge funds, large asset managers, and value investing) D’Arezzo noted that finance is already an outlier in terms of IT costs. The industry devotes 10.5% of total revenue to IT, more than government, healthcare, retail, or anybody else. It’s also an outlier in terms of IT staff load; on average, each financial industry IT staffer supports only 15.7 users, the fewest of any industry. (Government averages 37.8 users per IT staff employee.)

To ease these difficulties, D’Arezzo recommends that the financial industry consider advanced technologies that provide cost-effective ways to enhance overall system performance. “The only way financial services companies will be able to meet the compliance demands being placed on them, and at the same time meet their efficiency and profitability targets, will be to improve the efficiency of their existing capacity—especially as regards I/O reduction.”

At Condusiv, that’s our business. We’ve seen users of our I/O reduction software solutions increase the capability of their storage and servers, including SQL servers, by 30% to 50% or more. In some cases, we’ve seen results as high as 10X initial performance—without the need to purchase a single box of new hardware.

If you’re interested in working with a firm that can reduce your two biggest silent killers of SQL performance, request a demo with an I/O performance specialist now.

 

For an explanation of why your heaviest workloads are only processing half the throughput they should from VM to storage, view this short video.

 

Doing it All: The Internet of Things and the Data Tsunami

by Dawn Richcreek 7. August 2018 15:44

“If you’re a CIO today, basically you have no choice. You have to do edge computing and cloud computing, and you have to do them within budgets that don’t allow for wholesale hardware replacement…”

For a while there, it looked like corporate IT resource planning was going to be easy. Organizations would move practically everything to the cloud, lean on their cloud service suppliers to maintain performance, cut back on operating expenses for local computing, and reduce—or at least stabilize—overall cost.

Unfortunately, that prediction didn’t reckon with the Internet of Things (IoT), which, in terms of both size and importance, is exploding.

What’s the “edge?”

It varies. To a telecom, the edge could be a cell phone, or a cell tower. To a manufacturer, it could be a machine on a shop floor. To a hospital, it could be a pacemaker. What’s important is that edge computing allows data to be analyzed in near real time, allowing actions to take place at a speed that would be impossible in a cloud-based environment. 

(Consider, for example, a self-driving car. The onboard optics spot a baby carriage in an upcoming crosswalk. There isn’t time for that information to be sent upstream to a cloud-based application, processed, and an instruction returned before slamming on the brakes.)

Meanwhile, the need for massive data processing and analytics continues to grow, creating a kind of digital arms race between data creation and the ability to store and analyze it. In the life sciences, for instance, it’s estimated that only 5% of the data ever created has been analyzed.

Condusiv® CEO Jim D’Arezzo was interviewed by App Development magazine (which publishes news to 50,000 IT pros) on this very topic, in an article entitled “Edge computing has a need for speed.” Noting that edge computing is predicted to grow at a CAGR of 46% between now and 2022, Jim said, “If you’re a CIO today, basically you have no choice. You have to do edge computing and cloud computing, and you have to do them within budgets that don’t allow for wholesale hardware replacement. For that to happen, your I/O capacity and SQL performance need to be optimized. And, given the realities of edge computing, so do your desktops and laptops.”

At Condusiv, we’ve seen users of our I/O reduction software solutions increase the capability of their storage and servers, including SQL servers, by 30% to 50% or more. In some cases, we’ve seen results as high as 10X initial performance—without the need to purchase a single box of new hardware.

If you’re interested in working with a firm that can reduce your two biggest silent killers of SQL performance, request a demo with an I/O performance specialist now.

If you want to hear why your heaviest workloads are only processing half the throughput they should from VM to storage, view this short video.

Experts discuss built-in defragmentation and the superior merits of Diskeeper optimization

by Dawn Richcreek 27. January 2012 09:18

Recently, there’s been a lot of talk about built-in defragging systems. Is Windows®7 the best option? In the latest issue of Processor Magazine, experts weigh in, making the case for Diskeeper’s optimization in the enterprise. Read the whole article here: http://www.processor.com/articles//P3402/11p02/11p02.pdf?guid

Congratulations Mike Topping, Network Engineer from Metro Datacom!

by Dawn Richcreek 20. May 2011 03:42

Mike sent us his Diskeeper 2011 Disk Performance Report showing 322,347 Disk Access I/Os saved! 

Mike is the winner of the drawing for the $100 American Express gift card!

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Channel | Diskeeper TV

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