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FIs working to cut down on data duplication
NEW YORK (10/13/09)--The amount of data stored by databases is growing at a rate of 25% yearly, and some financial institutions have deployed technology to eliminate data duplication, according to BankTechnology News. Storing a massive amount of data can strain information technology (IT) architectures (Sept. 1). Simply updating a member’s address can prompt a system to resave the entire member file even though nothing else has changed, the newspaper said. Virginia CU, Richmond, Va., has implemented a NetApp solution to cut down on data duplication. “We’ve seen an 80% savings on backup copies, 78% in Virtual Desktop Infrastructure, and we’re routinely achieving 25% on home directories and group shares, 35% in our live documentation environment, and 50% savings in our scratch volumes,” Rich Barlow, senior systems architect, told the newspaper. Because deduplication cuts on data protection capital and operation expenses, it should be on “every chief information officer’s project short list,” according to a report from Milford, Mass.-based The Enterprise Strategy Group, an industry analyst firm. Aside from freeing storage, reducing data duplication also yields “green” benefits, the report said. About 70% of business executives measure the success of corporate green initiatives by tracking energy cost reductions. If IT staffs can align with green business priorities, cutting power consumption via deduplication “is a great start,” said Lauren Whitehouse, senior analyst, in the report.


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