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Technology-led changes to the banking sector — most notably, Internet banking and the rise of big data — have resulted in an explosion of both structured and unstructured data.
However, traditional, centralized, legacy financial systems are unable to process the massive amounts of semi-structured and unstructured data generated: as a result, valuable business intelligence that could guide key decision-making remains hidden and unused.
Furthermore, the closed technical architectures of legacy systems, binding software to hardware, result in poor partner cooperation ecosystems. And high start-up costs are exacerbated because it is impossible to reuse old devices.
However, Huawei’s Converged Data Warehouse Solution helps financial institutions quickly establish enterprise data warehouses of both structured and unstructured data, supporting an open architecture to help reduce costs and facilitate cloud-based transformation.
Significant system hardware savings and dramatically reduced Total Cost of Ownership (TCO).
By migrating services from Reduced Instruction Set Computing (RISC) to open platforms, future cloudification becomes possible.
Significant boost in performance for financial data warehouses.
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