Data storage is the process of conserving corporate data files in a secure location that can be accessed readily and used to support critical business functions such as operational efficiency. How data is stored, analysed and managed is crucial to the success of modern enterprises due to the emergence of ‘big data’ analytics, the internet of things and growing concerns about data governance and access to sensitive information.

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Data informs big decisions, provides lucrative opportunities and is a key competitive differentiator in an increasingly complex landscape; basically, data is everything in modern business, so robust storage infrastructure should be seen as a core objective for any tech organisation.

If you want to take advantage of the growing mass of data available, you’ll need increased capacity and higher resilience when it comes to storage. Fintech startups should also pursue scalability, high performance, cost-effectiveness and enhanced security.

Low-energy hardware

Tech enterprises are under growing pressure to reduce their carbon footprint so selecting commodity components for storage can help your infrastructure to conserve energy while reducing operating and setup costs. A converged data centre infrastructure with high compute, storage and network access is ideal for financial corporations as it offers the ability to manage application provision centrally via a single optimised solution. This unified strategy will improve data storage processes significantly.

Data centres

Building a data centre or upgrading and consolidating an existing on site infrastructure can transform your storage capabilities and is the best means to supporting data centric business activities on a daily basis, especially in finance where critical, high-speed transaction processing is highly sought after.

They will also help you to deliver on trends such as software-defined networks (SDN) and cyber security while providing the best possible end-user experience to customers and clients. The coms room will continue to be the backbone of finance and tech for the foreseeable future.

3D Xpoint

Intel has recently launched a new memory type called 3D XPoint memory that will be 1,000 times faster and significantly more durable than flash NAND. It has been designed to eliminate lag issue with storage while offering a denser structure that delivers quicker access to sectional data storage regions.

“Memory cells are accessed and written or read by varying the amount of voltage sent to each selector. This eliminates the need for transistors, increasing capacity while reducing cost,” claim Intel and Micron, which produced the new memory technology.

3D XPoint could bring about a step change in enterprise data storage in the near future.

Protection

Digital backups will ensure any data failures won’t have a disastrous impact on your business continuity. To mitigate potential failures and errors, prioritise a fully-automated backup service that enables you to retrieve encrypted critical information in a simple and intuitive manner.

Install applications and a firewall that will protect data from cross-site scripting (XSS) vulnerabilities, distributed denial-of-service (DDoS) attacks and other forms of threat. It is also important to be vigilant about who and what devices provide access to data and to implement a comprehensive action plan for security breaches.

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