Explosive Data Growth Has Financial Firms Seeking Data Center Efficiencies
With 50% annual growth rates in data, financial services organizations are struggling to handle the volume. Some firms are turning to flash memory to improve efficiency and lower costs.
Moreover, more than 50 percent of new data is unstructured. Financial organizations have a good track record when it comes to handling structured data -- market, trade or account data, for instance. When it comes to unstructured data , financial data and technology experts are somewhat outside of their comfort zone.
Big data is certainly one way that organizations are handling unstructured data and the adoption of big data technologies, such as the open source software framework Hadoop , will likely continue to be used by financial firms as they look to improve business results. Read full story on Wall Street & Technology
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