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Average growth rates of Big Data are typically 25% to 50%, but for specific industries like FSI and telcos, even higher rates than these have been charted. As a result, there are specific storage management technologies that these industries require.
IBM’s storage distinguished engineer, Brian Sherman said, “Managing storage growth continues to top administrators minds and clients are being forced to adopt better storage management and storage efficiency techniques.
“High availability, disaster recovery and encryption continue to be key focus areas in these industries as well.”
Brian Sherman
Dealing with rapid data growth Sherman also expected 2013 to see more of storage technologies like storage virtualisation, data compression, automated storage tiering, deduplication and encryption of data at rest. For example, he opined that many open systems environments storage capacity utilisation rates are still well under 50%. “Traditional silos of storage can be addressed with storage virtualisation as it enables clients to logically pool storage and improve utilisation rates to over 75% by spreading the data across more physical resources.” Storage virtualisation also provides a common management interface and mirroring solution across storage platforms that are heterogeneous. “Additionally clients can gain the benefits of non-disruptive data migrations when refreshing their storage or simply tiering across physical storage systems, depending on the vendors implementation capabilities.” Industries like FSI are dealing with rapid data growth, and in turn, how to effectively mine all the new data to drive business benefits. Higher than ever data traffic drives internal monitoring and reporting systems to generate more data to be analysed, secured and replicated. As a result, storage virtualisation, data encryption and data availability are all key storage technologies these industries need to leverage. Besides storage management technologies like virtualisation, encryption of data at rest ensures all data is secure. Common key management capability across the disk and tape infrastructures simplifies operational management when deploying encryption capability. Data replication also provides a foundation for ensuring the business and clients have continual access to information. Sherman explained, “By building storage based replication solutions on top of storage virtualisation, clients can further realise storage management and operational efficiency by leveraging the common replication capabilities, regardless of the underlying storage capabilities.” Leveraging each of these storage technologies will certainly help these and all industries become much more efficient and effective in dealing with the storage management dilemma. Local FSI scene According to IBM’s banking leader in Malaysia Christina Kua, the banking sector is one of the industry that require the highest level of data resiliency and availability, hence the level of technology uptake amongst the banks in Malaysia are high, as both data resiliency and availability remain are part of their main concerns. Sherman also said, apart from high demand for sophisticated disaster recovery solution, data encryption has also picked up momentum in the banking sector. He concluded, “Banks know the importance of technology to support their business needs to improve customer experience, profitability and to build analytics capability that will help them to manage risk while driving growth.”
