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Most banking IT departments have typical objectives: to ensure high system performance, compliance and reliability while utilising rich features for optimised administration. An ongoing challenge to these objectives is an ever-growing capacity need, as well as tight IT budgets limiting equipment purchases and administration team size. There are many examples now where the Financial sector is leveraging the IBM XIV system’s single-tier architecture to consolidate storage tiers, achieve excellent performance, and dramatically reduce management overhead. Taking into account direct and indirect costs (management effort, power consumption, density, and more), the IBM XIV system is also cost-competitive for Tier-2 storage. Many institutions are using the system for applications that previously ran on Tier-1 and Tier-2 systems—in short, they are getting Tier-1 capabilities without Tier-1 costs. By providing a much more effective cost-cutting alternative than the practice of splitting storage solutions between tiers and architectures, the IBM XIV system enables companies to alter and optimise its storage paradigm. By providing high-end performance and features at a total TCO considerably lower than
typical Tier-1 systems, the IBM XIV Storage System has enabled many finance and banking organisations to achieve its dual objective of delivering excellent Tier-1 storage services while minimising costs.
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