10 Reasons why Banks should move to Exadata

10 Reasons why Banks should move to Exadata

by Reshmi R (Kurup)

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. The 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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