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Gain Insights into Current Trends and Challenges Impacting the Financial Services Industry

  • February 19, 2016

10 Reasons why Banks should move to Exadata

by Reshmi R (Kurup) 

Exadata Machine

Oracle Exadata Database Machine has
been around since 2008 and many financial institutions are already reaping the
benefits of moving to Exadata. If your organization has still not moved on,
here are some reasons why you should.

Business agility:
Financial industry demands responding quickly to changing customer requirements
by adding products and services quickly. So is the importance of timely
information for business application such as ERP, SCM, HCM, and CRM etc to
support business decisions.
Oracle
business applications
can run on
Exadata
and can quickly improve the business operations times and employee
productivity.

Improve User Experience
and response time quickly:
Would you like to gain substantial performance
Improvement for existing applications which are running on Oracle Database with
no changes to code?  Moving to Exadata can help here. Exadata has
Storage Server Software which does Smart Scan – i.e. offloading query execution
on to the storage server closer to data and pass only desired results back to
the user. Smart Scan can work without any changes to existing oracle database
and banks have noticed 10 to 100x performance improvements.

More Transactions per minute or
more customers serviced within same time:
Exadata feature Smart Flash Cache accelerates Oracle Database processing and speed
I/O operations allowing more transactions to be performed. T
he unified network – i.e.
a single network for both server-to-server communication and server-to-storage
communication is based on InfiniBand, which is the fastest network technology
on the market, running at 40 gigabits per second.
In addition, DB optimized
flash logging algorithms make Ultra-fast transactions possible.
This can help scale the
application and also reduce the overall business process cycles.

Adopt Cloud and associated
benefits with ease:
Exadata Cloud
Service
allows you to get started with Exadata with minimal investment with
its pay per use model. Oracle Experts Manage the infrastructure and the
environment is
100% Compatible with
on-premise database
enabling easy migration and hybrid
deployments. Exadata also makes it easy to implement
database as a service in your enterprise and walk away with all
benefits of cloud – Self service, faster provisioning and agile environment. It
saves the IT a lot of effort too.

Elastic
Configurations for your specific requirement:
Exadata comes in various
configurations based on your requirement - DB

In-Memory Machine
,
Extreme Flash OLTP Machine,
and Data Warehousing Machine. Say
you are looking for a
High Performing DB in-memory machine and you already have
your enterprise data primarily on Oracle database. Moving to in-memory on
Exadata is like a switch option and choosing which data you want in memory.

You want to start small but have big plans: Exadata is pre-configured, saving you months of
configuration,
performance tuning effort and can give you instant ROI irrespective of size of
your enterprise. You can get a Quarter rack if you want to start small and get
all the benefits. Scale to Half, Full and Multi-Racks as your enterprise and
requirements grow.

Improve Reliability and
Availability:
Your Bank needs to ensure that you properly manage, store and
protect Terabytes or PetaBytes of customer data reliably. When
availability and reliability of
customer data is a top priority for you, consider Exadata to protect your
business from planned and unplanned outages. Fewer or no outages mean fewer IT
support calls and more satisfied customers.

Ensure Quality of Service
by Optimizing resource usage:
Do you want your customer facing applications to
be most responsive and given extra resources? Exadata helps you manage and
prioritize workload against available resources from CPU to Network to Storage.
It allows business to define how the resources should be used for applications.
It is seen that with
Exadata workload
prioritization
organizations can support almost 4 times more databases in
the same hardware.

Compress large
datawarehouse and archived data:
If you are a large bank with datawarehouse or
archival data growing to unmanageable sizes, Exadata can help in reducing the
storage requirements and also increase performance by reducing I/O with
compressed data with its
Hybrid columnar
compression
feature. One of the banks recently deployed Oracle Exadata
Database Machine to reduce the size of the global trading data warehouse from
40 terabytes to less than 8 terabytes

Supportability from Oracle and partners: Because Exadata is
pre-configured and deployed Exadata systems look alike, Oracle’s has an
incomparable ability to monitor, maintain and support Exadata. This enables
Oracle to offer Platinum Support. Oracle Advanced customer services, Oracle
Consulting services and Oracle Financial Services Primesourcing help move
customers from Oracle and non-Oracle databases to Exadata with reliability. And,
because it all comes from Oracle—from the hardware all the way to the
software—you get full end-to-end support, so there’s no finger-pointing between
vendors, with the customer stuck in the middle.

Exadata performance manifests itself in many
ways delivering clear benefits to various lines of business within a bank -
from providing business agility to simplifying
IT and allowing customers to work faster and smarter with real time business
intelligence and highly available and responsive transactional applications.  

When are you moving to Exadata?

Reshmi R (Kurup) is a Solution Architect for Oracle Financial Services Consulting. She can be reached at reshmi.kurup AT oracle.com.


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