Go to any risk management, low-latency trading and/or regulatory conference and you are likely to hear a common theme: What are we going to do with this influx of data? To address this data deluge, investment firms have turned in significant numbers to cloud-computing as their savior. And their chief weapon in this battle has become IBM’s data grid. Underpinning Big Blue’s cloud offering is its WebSphere eXtreme Scale 7.1, which the vendor calls “an essential for elastic scalability and next-generation cloud environments.” eXtreme Scale is IBM’s data grid that allows financial services firms to manage and extrapolate their data. In an environment where firms need to quickly get at their data, and be sure that their data is clean and up-to-date, IBM’s solution creates a low-latency database cache that is updated in real time across all systems. On the cloud computing front, in recent months IBM, which also won the award for best back-office hardware provider, has expanded its cloud offering in Poland, Germany and Singapore, as well as made a number of strategic acquisitions.
1 IBM (42%)
2 Oracle (32.1%)
3 ScaleOut Software (11.5%)
More from Waters
Updating your subscription status
Work with us on your Integrated Marketing Campaigns
WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.
11 Nov 2015
19 Nov 2015
02 Dec 2015
07 Dec 2015
Download whitepaper for FREE Public cloud has grown exponentially in recent years in sectors such as telecoms, the media, health industry and insurance,...
Download whitepaper for FREE Most financial institutions recognize the value of data as an asset, although only a small minority have a mature data governance...