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Mobility Strategies That Improve Data Security and Control Operating Costs

RubyNicholson

Guest blog written by Bill Mannel, VP & GM – HPC, Big Data & IoT Solutions, HPE Servers

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Delivery of reliable, secure, and efficient access to data and IT systems has become key to success in financial services as the industry contends with an increasingly mobile workforce.

In the words of Dr. Tom Bradicich, PhD, Vice President and General Manager, Servers & IoT Systems at HP Enterprise: “If one can annihilate time and place constraints associated with any activity, efficiency is catapulted to new levels. Internet connectivity and mobile devices have enabled this in so many areas of human endeavor – from shopping and banking, to education and entertainment. So it is with IT access.”

To relate this concept to the financial services industry, consider this example: Right at this moment, live trading is taking place in Hong Kong exchanges by traders that are physically located in Singapore.

The landscape of financial services is rapidly changing as firms realize the benefits of nurturing worker mobility. The advancement of digital technologies, heightened business demands, and evolving employee preferences have driven the need for tools that foster collaboration and improve performance outside of the traditional office environment. 

Employee mobility is set to grow at an even faster pace with the proliferation of technologies that allow anytime, anywhere access to data. A recent forecast from IDC states that the U.S. mobile worker population will surge from 96.2 million in 2015 to 105.4 million by 2020, when mobile workers will account for nearly three quarters (72.3%) of the total U.S. workforce.

Enhancing productivity and the capability to work from any location can offer significant business benefits including reduced operational costs, elevated worker productivity, and better collaboration among geographically-separated teams. However, this shift also presents a fresh set of challenges for organizations.

Data security is a major issue particularly for financial institutions, as firms strive to comply with regulations, safeguard private customer data, and protect their digital assets against data leaks and security breaches. According to the Ponemon Institute’s 2015 Cost of Cyber Crime Study, the annualized cost of cyber crime has increased significantly for financial services organizations over the last six years (+$8.96 million), costing the industry over $28 million in 2015.

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With employee mobility expected to rise rapidly, financial firms must adopt new strategies and invest in technologies which enable them to provide reliable access to data, while also keeping information safe amid a constantly evolving cybersecurity landscape.

Financial organizations can address these mobility challenges with a new set of trader workstation solutions designed to give traders consistent access to their data and programs from any location and on any device. End users will enjoy seamless data access, system stability, and enhanced graphics performance while IT departments reap the cost, management, and data security advantages of a centralized and standardized infrastructure.

By centralizing desktops, data, and applications, firms can deliver remote access to information while keeping data more secure under IT’s control in the data center. Additional best practices like encrypting data connections and creating access controls guarantee continued compliance with stringent regulations and ensure a high standard of security practices is maintained.

Financial organizations can also leverage the mobility movement to drive operational simplicity, reliability, and continuity, as well as control OPEX costs. For example, centralized management of trader desktops in the data center allows maintenance activities to be performed with little to no downtime, enables rapid disaster recovery capabilities, and offers maximum availability at all times.

Investments in server systems capable of delivering a mobile workspace can be limited by building new technologies onto legacy infrastructures, while smaller, more efficient hardware can help control energy costs both at the trader workplace and in the data center.

The ability to deliver a high performance trading environment regardless of location has become essential as the modern workforce becomes progressively mobile. Trader workstation solutions offer organizations an innovative approach to IT transformation that will heighten productivity, drive operational efficiencies, and generate better business outcomes.

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About the Author

RubyNicholson

I am a Senior Manager managing external content and social media for HPE Servers Awareness. Stay tuned for topics on Mission Critical Solutions, Core Enterprise and SMB Solutions, Next Gen Workload Solutions, Big Data and HPC, Cloudline and HPS Options! Follow me @RubyD_Nich