Looking at the Future of Financial Data Analytics - Let the Accelerated VLDB Appliance Revolution Begin!
29 Dec 2008
By Geno Valente, XtremeData
For IT pros in financial services, keeping up with the speed of business is becoming increasingly tougher and more expensive. The information demands from trading, risk management, fraud prevention and financial modelling groups are too often not being met with the existing computing infrastructure. Performance is falling short while IT budgets are simultaneously being constrained. At the same time, data complexity is rapidly rising and fueling wider, deeper analysis, which is essential to developing predictive models that enable pre-emptive business strategies. What is needed for next-generation financial decision support computing are standards-compliant systems that deliver significantly more computing power-per-dollar. An attractive system would offer performance in the range of 1TB/minute of sustained SQL processing, while using substantially less energy and offering a roadmap to next-generation technology.
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