I remember a dinner I had a while back with the CEO of a global financial services firm. As one of his first acts as CEO, he’d cancelled an enormous outsourcing contract, and I’d asked him why – his response has stuck with me. "Banking is a technology business. Pure and simple. I can’t win if I don’t have my own team."
Independent of his views on outsourcing, I’ve heard the same point made by many (but not all) financial services executives – banking (like big swaths of telecommunications, media and retailing) has become a technology business, where every ounce of performance and differentiation matters. Even, and especially, in the midst of market turmoil.
Which is a fitting backdrop for a joint press release we just issued with Intel – in which we achieved a land speed record – a million messages per second, running the Reuters Market Data System on Solaris 10 for Intel silicon (see release for details). To our colleagues at Intel and Thomson Reuters… thank you! Performance = market advantage, energy savings, or datacenter consolidation – or all of the above. Customers get to pick.
And following up on my last post on the impact of flash memory and ZFS on the world of datacenters, our own Adam Leventhal has added a far more fulfilling technical perspective in Communications of the ACM: Flash Storage Memory.Worth the read…