Next Generation Data Centers in Financial Services: Next Generation Data Centers in Financial Services

Tony Bishop

Sep 2009 · Elsevier

About this ebook

Financial markets are witnessing an unprecedented explosion in the availability of data, and the firms that survive will be able to leverage this information to increase their profit and expand their opportunities in a global world. Financial firms have two options: to build their own data centers or to outsource them to hosting services such as Google and Amazon 'cloud' services. While outsourcing data centers is a trend for small firms, it is not applicable to bigger firms who want more control over their huge amounts of data. Large firms thus build their own data centers. In such an environment, the CIO's ability is crucial to lead an effective data strategy to capture, process and connect data to all the relevant lines of business. At the core of this strategy lies the data center – the repository of all information. In recognition of the importance of information, firms are rushing to invest in data centers, but they are finding that just throwing technology at the problem is not good enough. Despite the investments, data centers prove frustrating in terms of inefficiencies and rising costs, directly cutting into the profitability of lines of business that they serve. While there are books that discuss the mechanics, hardware and technicalities of data centers, no book has yet made the connection between enterprise strategy and data center investment, design and management. This book is a solution driven book for management demonstrating how to leverage technology to manage the seemingly infinite amount of data available today. Each chapter offers cutting-edge management and technology solutions to effectively manage data through data centers.•Feature: Presents cutting-edge technology solutions not available in one place until now •Benefit: Saves time going to numerous websites, calling vendors, going to conferences•Feature: Includes step-by-step instructions on how to implement a data center strategy based on the author's recent success with Wachovia's data center•Benefit: Readers can follow these steps with confidence that they will work and not have to re-invent the wheel•Feature: Demonstrates how business and IT can be aligned in financial services•Benefit: Demonstrating this alignment is crucial for any proposal for IT related resources today

Ratings and reviews

Radical thinking and obviously proven successful at Wachovia.

About the author

TONY BISHOP is the Founder and CEO of Adaptivity, headquartered in Charlotte, North Carolina, with teams in New York City, San Francisco, London, and Tokyo. As Chairman and CEO, Tony leads the team and provides hands-on coaching, thought leadership and executive strategy support for our key clients and partners. He is an innovative IT executive, with an excellent track record in strategy, design, and the implementation of business-aligned enterprise technology platforms across large organizations. He most recently served as SVP and Chief Architect of Wachovia's Corporate Investment Banking Technology Group, where his team designed, built, and implemented a leading-edge service-oriented architecture and utility computing infrastructure.Tony Bishop is well-known in the industry for having led the team that built Wachovia's award-winning data center. The team was awarded Network World's "Enterprise All-Star Award for successfully consolidating infrastructure and applying "green computing strategies to achieve a project ROI of 300% (50 applications over 300 servers were reduced to 50 shared/allocated servers). Tony has been quoted and interviewed widely in the media on his innovative and successful approach to data center optimization. Examples include:• "Your Datacenter Makeover: Have Someone Else Do It, On-Demand Enterprise, August 17, 2008 [http://www.on-demandenterprise.com/features/Your_Datacenter_Makeover_Have_Someone_Else_Do_It.html]• Beth Schultz, "How to create a business-boosting virtualization plan, Network World, 08/18/2008 [http://www.networkworld.com/supp/2008/ndc5/081808-ndc-virtualization-strategic-planning.html]