Seagate is a much broader data storage company than what many people might have in mind. Rather than being known as simply a hard disk drive company, perhaps Seagate should be better identified as a problem solver.
Just ask today’s most successful and high-profile financial organizations, which have turned to Seagate solutions to address the diametrically opposed goals of increasing performance while decreasing the cost of that performance.
In one case, a multinational banking and financial services company operating in more than 50 countries was facing several daunting challenges, including the following:
- Improving its overall system performance as its existing business storage infrastructure showed signs of struggling to keep up.
- Handling high IOPs for trading in equities and currency, which are both extremely reactive to supply and demand.
- Finding less expensive solutions than their existing implementations to reduce overall Capex and Opex, such as lower power usage.
Another bank, one of the market’s most influential investment firms–with an IT department comprising more than 25% of its workforce and a contributor to open source initiatives–has faced its own issues. With storage demands growing at a record pace, this investment bank has found that it needed a solution that not only could scale, but could also keep up with performance requirements. This solution had to enable them to maintain competitiveness while meeting Service Level Agreements (SLAs). It also needed to be simple, as well as both high-performing and cost-effective.
Seagate’s ability to position itself as a problem solver led by its data storage acumen is at the center of its success within the financial services sector. When you scratch the surface of the challenges that the financial institutions face, it becomes apparent that their resulting solutions include Seagate’s flash technology…most notably the Nytro flash accelerator cards.
That Nytro would play such a central role in the answers to the financial institution’s problems should come as little surprise. Nytro, after all, features the following:
- Low latency at extremely low queue depths, allowing a higher number of transactions.
- A price point at less than two-thirds of the cost of incumbent solutions, which significantly lowers Capex.
- Key features well-suited for Open Compute Project (OCP) deployments
- A 100% solid state solution which reduces the component count in the server, resulting in increased system level reliability and lowering power consumption. Such operational savings are significant. For example, it is estimated with one such deployment that in one year, the Nytro card will use only a fifth of the power (kWh) of the current implementation per server.
- The servers utilized can now more easily meet the needs for simple scaling with a high ratio of performance to cost.
Nytro, however, isn’t Seagate’s only key to success for the banks. Seagate’s broad portfolio and technical expertise are at the heart of many of their solutions to the extremely demanding challenges found the financial market. By partnering with Seagate, financial institutions are able to leverage emerging technologies to drive innovations in server hardware, visualization, operating systems and provisioning.
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Seagate creates space for the human experience by innovating how data is stored, shared and used. Learn more at www.seagate.com.
