Cloud Costs and Colocation for the Financial Sector
In this, our second blog on the financial sector, we will take a look at how cloud costs impact your bottom-line, as well as how major players in the financial field are expanding their data centers and saying “NO” to “ONLY CLOUD.”
It's no secret to any financial industry executive that your data center and cloud needs are significant budget items. That’s the case whether you’re on-prem, hybrid, or fully outsourced.
It’s also well known that nearly every organization will have some sort of cloud presence. While some applications are difficult to transition to the cloud, those that are designed for a particular cloud provider’s architecture can perform quite well.
All-in is Big $$$: But where things can run haywire from a budgeting standpoint is when you go all-in with the public cloud. Cost overruns are common for even the most sophisticated major enterprise and hyperscale cloud users. Internal expertise in specific public cloud architectures is hard to find and expensive to hire. Egress fees and other “creative” charges can bust your budget.
A financial industry organization can easily be swamped with cost overruns if you don’t have an experienced team of cloud specialists working with applications specifically architected for a specific cloud provider’s infrastructure.
Case $tudy: When a well-known enterprise moved from the public cloud to a colocation data center a few years ago, costs went down so much that profit margins doubled. Following this pivot, experts in the investment world determined that similar repatriation from the public cloud to a colocation solution can typically capture 33-50% in savings.
Saying No to “Only Cloud” Solutions
In the financial sector, your IT Infrastructure choice is not cloud, cloud, cloud. Firms in the financial industry have unique IT infrastructure challenges. Security and compliance must be blended with immediate availability and maximum uptime. You can’t blindly follow tech trends, because security issues and IT downtime can lead to financial loss and put careers in jeopardy.
Many of the largest players in financial world are expanding their data center footprint. JP Morgan’s $12 billion technology and infrastructure initiative includes $2 billion for the construction of new data centers.
Outsource Data Center Services, Maintain Full Control: Data center ownership adds real estate and operational complications, as well as significant capital expenditure. So the answer for many financial enterprises is colocation. This enables secure, private data center operations that you control. But an OpEx model of leasing your data center while leveraging services as required avoids major capital expenditures and real estate headaches.
For Eastern Pennsylvania financial enterprises, the choice for their data center deployment is clear. Reading’s Direct LTx has been providing colocation solutions for 15 years for enterprises in Eastern and Central Pennsylvania and has the data center colocation solutions you need.
Primary Data Center Colocation: Our 6-megawatt, hardened, highly secure data center facility provides hosting solutions to meet even the most challenging requirements for your primary production resources.
Cloud Onramps for Hybrid Solutions: You can connect with AWS, Microsoft Azure, Google Cloud, and dozens of other public and private cloud providers directly from the cloud onramps at Direct LTx.
CONTACT US TO LEARN MORE:
Ask About Our 15-Year Uptime Record: Reach out to us today to see how a hardened, secure colocation environment can benefit your firm. We’d love the opportunity to show you how we have assisted financial industry enterprises like yours since 2006.
Contact Us Today: Fill out the form below or email sales@directltx.com to arrange for a consultation with Mike Barbarick or Joe Dufner to discuss the infrastructure solutions that Direct LTx can help you architect to fit your specific requirements right here in Eastern Pennsylvania.