Top Five Challenges for a Financial Data Center
Financial data centers operate in a global, digital economy. Businesses within this sector include retail banks, investment firms, brokerage houses, insurance companies and others. Although the types of businesses may be somewhat diverse, they all have common goals – to connect seamlessly with their customers while protecting sensitive data and complying with federal regulations.
The financial data center must help financial firms operate efficiently and competitively. However, major challenges may impede operations, including security, data growth, uptime and disaster recovery.
Security — Topping the List of Concerns
Businesses operating within the financial industry continually work to improve data center performance while minimizing risks. Specifically, the financial data center requires advanced physical security measures that focus on preventing unauthorized access. These features include:
- Physical Access Controls – Gated entrances, manned security stations, key cards, turnstiles, and more.
- Monitoring – Surveillance equipment monitored by on-site security personnel.
- Physical Barriers – Reinforced walls and other barrier methods to protect a facility.
Uptime – Ensuring Continuous Systems Availability
Housing your infrastructure in a reliable financial data center reduces your risk of downtime. If your systems are unavailable for even a short amount of time, the consequences could be lost revenues, customer complaints, a tarnished brand and even regulatory fines.
Growth in Data – Determining Storage and Security Needs
There’s no question the amount of data used in financial firms is exploding. Where will the increasing volumes of data be stored and how will it be managed? A robust financial data center must meet these requirements. Your data center solution needs to allow you to scale to accommodate an ever-growing amount of data, while offering the highest levels of physical security to protect this data.
Disaster Recovery – Protecting Operations during an Unplanned Event
The goal of any disaster recovery plan is to bring systems back online quickly. In a failover strategy, system recovery is done in a way that’s transparent to users. Nobody except your internal IT team should know an outage occurred.
For data center colocation services that address your remote storage, off-site IT and disaster recovery requirements, consider FairPoint Data Center Services. Visit www.fairpoint.com/businessclassdatacenter to learn more.
You can also download our latest infographic, “How to Choose the Right Data Center Provider” for additional information.