Capital Markets Outlook 2013: Firms Will Focus On Reducing Data Center Costs in 2013
Data centers are enormous capital investments that require large operating budgets. In 2013, capital markets firms will continue to scrutinize their existing data centers, reduce operating costs and even selectively move some applications to third-party providers and out of the corporate data center.
November 02, 2012
Why It's Important : Building, maintaining and running proprietary data centers is a long-standing tradition in the capital markets, but it's tremendously expensive. As costs continue to escalate--energy, real estate, maintenance and technology--and as revenue across the industry declines, firms are rethinking their proprietary data center strategies. Where the Industry Is Now : During the past few years, capital markets firms have seen a drastic shift in their business model and revenue sources. With income under pressure, they've reduced head count and streamlined operations to cut costs. Financial firms have gone to great lengths to virtualize much of their data center infrastructure; that, in turn, has fostered the creation of internal private clouds. Cloud technology lets firms redistribute existing compute power as needed, resulting in... Read full story on Wall Street & Technology
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