Financial services firms face a multitude of challenges, with new ones coming on top of long-standing ones. Competition and customer expectations are increasing, at the same time as firms need to adhere to strict regulatory and security standards.
In parallel, there is the need to modernize legacy systems and reduce infrastructure costs while accelerating time-to-market. It is essential to ensure 24/7 availability and optimal application performance.
Enterprise-grade open source software enables companies to freely scale without limits, licensing costs or compromises to security. Proprietary databases stifle innovation by limiting the ability to quickly scale – up, down or linearly – to support fluctuations in demand or deliver new products and features.
Moving to fully supported, secure enterprise-grade open source replacements frees up companies to build, deploy and scale as they see fit.
The amount of data that needs to be held and analyzed is growing, but this shouldn’t equate to a rise in infrastructure costs. In fact, the opposite is achievable with open source.
This paper looks at the business benefits and cost savings that can be achieved by migrating to open source. It dispels some of the myths around making such a move, and it describes some of the things that need to be considered when planning and carrying out the migration, and then building and managing a high availability (HA) architecture.
