IT managers in financial service companies are to
escalate their reliance on datacentre outsourcing, according to
research by analyst BroadGroup.
Based on in depth interviews with financial services
institutions ranging from small banks to global investment
companies, the report provides an analysis of what third party
datacentre providers need to do to win business from European
financial services companies.
The report,
‘IT outsourcing to 3rd parties by financial service
companies in Europe’, says “a significant round of migration to
third party outsourcing will occur over the next two years”.
Among the factors for this migration are new regulatory pressure
and the belief that the impact of MiFID financial directive has
been underestimated, as well as the expectation that the data
explosion will continue.
As new trading algorithms and financial products become ever
more complex, data needs will accelerate, said respondents.
Power, cooling and lack of space in datacentres are also
identified as critical factors, said financial firms.
Firms said datacentre space and power would become increasingly
important over the next 12 months, and many have concluded it is
preferable to bypass the problem and outsource, said
BroadGroup.
The report can be purchased at:
http://www.datacentres.com/reports/itoutsourcing.asp
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