Automated Capacity Management and Solid-State Solutions are “Must Haves” for Strategic Capital Markets Data Storage Infrastructures
New TABB Research Says Evolving Storage Strategies for Speed, Scalability and Sophistication of Analytical Output Must Accommodate Higher Data Performance Requirements
NEW YORK & LONDON--(BUSINESS WIRE)--In new Data and Analytics (DnA) research published today, “Capital Markets Data Storage: Strategic Imperatives for a New Computing Era,” TABB Group explores solutions to help constrained capital markets firms follow secular trends in computing while balancing needs against costs at a time when components of big data-like phenomena are infiltrating global capital markets.
“Capital Markets Data Storage: Strategic Imperatives for a New Computing Era”
With appetites for data growing, accompanied by constant pressure on storage infrastructure, new data storage solutions are modernizing capital markets data management for increasingly complex and hybridized environments, particularly given the growing adoption of virtualized and cloud-based architectures. According to the report’s authors, contributing analyst Gabriel Lowy and senior analyst Paul Rowady, automated capacity management and solid-state solutions should be on a list of “must haves” solutions moving forward. The experimentation with and combination of these and other key solutions based on each firm’s specific data needs will ultimately distinguish leaders from the followers.
Amid the current hype around topics such as software-defined storage, hyper-converged systems and virtual machine-aware storage, TABB recommends storage administrators focus on solutions that complement their current storage infrastructure but allow them to shift human capital gradually from managing storage infrastructure to managing data. “At a minimum,” says Rowady, “firms should be implementing tools that automatically define storage requirements based on the availability of capacity and performance needs of specific use cases and incorporate more solid-state storage than they think they currently need.”
How firms upgrade their storage strategy, Lowy explains, will depend on a number of factors, from legacy architecture and a spectrum of applications, to user needs, budget and politics. “Many of these new tools will be indispensable going forward, which is why we expect a heightened sense of urgency.”
The 15-page report with 5 exhibits identifies the leading storage enhancement topics as virtual storage appliances, data de-duplication solutions, cloud storage and Hadoop. As important as these tools are, TABB encourages an overall evolution of mindset and culture to decouple traditional thinking about storage, compute and usage parameters.
Where data lives, how it is crunched, and the evolving nature of its usage is now accomplished with an expanding menu of solutions, Rowady says. “We believe that increasing your familiarity and facility with this menu will pay dividends in today’s drive for more performance at lower costs.”
The report is available for download by TABB Group Research Alliance Data and Analytics clients and pre-qualified media at http://www.tabbgroup.com/Login.aspx. For the Executive Summary or to purchase the report, go to www.tabbgroup.com or write to firstname.lastname@example.org.
About TABB Group
Based in New York and London, TABB is the only research and consulting firm focused exclusively on capital markets, based on the interview-based, “first-person knowledge” research methodology developed by Larry Tabb. For more information, visit www.tabbgroup.com. In 2010, TABB launched TabbFORUM, the online capital markets community for peer-to-peer contributed opinion and analysis covering current industry issues, tracked daily by 20,000-plus professionals; in October, 2013, QuantFORUM went live, a new online channel for the global quantitative investing community.