Latency is only the start of the challenge

There’s a clear need for a latency standard that can be applied globally across financial institutions. But that’s just one step. The real challenge emerges when you ask why this standard is necessary, and what it means for the future success of your business.

Latency is key to your success because if it isn’t perfectly calibrated, it’ll cost you. According to a study by the Tabb Group, if your infrastructure allows even 5ms of lag, you could lose an astounding $4m per millisecond across transactions.*

The reality is that the demand on your digital infrastructure has never been higher. We live in a world of high-speed financial trading. Data needs to be processed, analyzed, and transmitted at lightning speeds to meet the global, mobile, and 24/7 demands for instantaneous transactions and transfers.

Moreover, when positions change in an instant, latency isn’t just a matter of efficiency. It’s a matter of profitability. Which means that your infrastructure must be up to task if your institution is to remain viable over the coming years.

That’s why it’s vital to have a next-gen digital infrastructure architecture that’s robust and reliable. Joe Skorupa, VP Distinguished Analyst at Gartner Data Centre Convergence, recently commented*, “I have known major financial organizations make multi-million dollar investments only to rip-and-replace them the very next day if a technology comes along that improves their competitive edge.

However, the network hasn’t really changed in the last few decades because network folk are conservative. The reasons are quite clear: if a server in a data center fails, your application goes down; but if your network goes down your entire data center goes down.”

Skorupa highlights the latency issue right here. In order to benefit from super-speed transactions, and make the most of your digital transformation, you need to equivalize latency across your entire network. This involves taking an in-depth look at your existing physical infrastructure, and determining where change is required.

Upgrading and consolidating your data centre infrastructure can also help to mitigate risk, and future-proof the business, as this blog post explains [http://panduitblog.com/2019/04/29/datacenter/consolidation-the-pros-and-cons-of-putting-your-eggs-in-one-basket/].

As a trusted infrastructure partner, Panduit can help you tackle your latency issues, and ensure the right networking technologies are underpinning your financial services.

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*Source: https://datacentrenews.eu/story/opinion-automating-the-data-center-with-ibn, October 2018

*Source: The Value of a Millisecond: Finding the Optimal Speed of a Trading Infrastructure, April 2008

Consolidation – The pros and cons of putting your eggs in one basket

Consolidating key facilities like data centers has obvious advantages. Chief amongst these are reduced costs, licensing, energy consumption, and maintenance.

But consolidating facilities also consolidates risk. If your single, major global data center goes down, then the company goes down with it.

So, how do you decide how to play a consolidated strategy, and put in place the correct procedures, policies, and technologies to mitigate risk?

Here are some quick pointers.

Designing a consolidated hub

Firstly, consolidating physical resources can cut your overhead, operational, and energy costs, so consider doing more with less hardware.

Software-based ‘server-less’ computing can help you consolidate onto fewer machines using cloud computing and technology such as virtualization and software-defined networking.

Consolidating software onto fewer hardware platforms can also reduce software licensing fees.

However, to pull off a move like this you will need to acquire the required expertise, or find a service provider who can design and manage your next-generation data center.

Mitigating risk through infrastructure design

Modern networking infrastructure design can help mitigate risk through techniques such as application orchestration and policy-based actions.

This model takes a bird’s eye view of your business software and services, and ensures everything runs smoothly, shifting resources where they’re needed in a timely way.

Underpinned by a modern network, this can be very effective in maintaining uptime, with cloud technologies such as ‘containerized micro-services’ offering self-managing, self-healing applications that run automatically, and scale up and down via the cloud.

All of this helps mitigate the risk of consolidation.

The downside is that, again, these cutting-edge technologies require technical know-how, investment, and a different approach to managing and monitoring your IT system.

Future-proofed technology

You want to make sure you have the necessary technology to ensure your new crown jewel data center won’t be rendered obsolete before the construction crew even breaks ground.

So, try to make sure you choose open-standards technologies with resources that can be re-purposed and extended without excessive development effort and cost.

Always-on infrastructure

Finally, how do you spec a data center for the always-on needs of a modern financial institution, that can guarantee near-constant uptime, and without breaking the bank?

When consolidating resources, you need to build in flexibility, and avoid technology silos by ensuring that your resources are transparent, networked, and shared.

Virtualization is a key element of a successful data center consolidation strategy, and it can help you achieve these things.

A converged network architecture that simplifies, accelerates, and utilizes resources, is also a must-have.

This could include fast, Fiber Channel or iSCSI networks to connect servers and storage, plus network and storage virtualization, which pools and optimizes your network and storage resources in a cost-effective and efficient way.

There are two major procedures for implementing change. Either rip and replace an old platform, particularly if it’s failing. Or develop the two side-by-side, transitioning applications step-by-step.

The latter may be more prudent for you, carrying less risk. Either way, as an experienced networking architecture partner, Panduit can help you plan and implement a next-generation network infrastructure.

Find out more at: https://pages.panduit.com/finance-all.html

Cabling Infrastructure: New Year, New Goals

Poor cable structuring can lead to several problems including a short lifespan of your cables and a large expense in your budget.

Properly installing your cable management system from the beginning will ensure that you get it right the first time and spare yourself the headache later.

With the introduction of the PatchRunner™2 Enhanced Vertical Cable Manager with Vertical Patching, your cables will live up to their expectation in an organized fashion, saving space and allowing additional cables to be utilized.

The picture to the left shows what poor cable management practice looks like. Scary, right?

The last thing that you want to do is stress over major downtime and an efficiency reduction.

With the start of a new year, your physical infrastructure deserves a refresh to ensure that you are set up for success. We bet you’re wondering where to begin, here’s your answer.

Panduit has the PatchRunner™2 Vertical Cable Manager family, providing the cable management foundation you need to drive efficiency to your infrastructure.

The new PatchRunner™2 Enhanced Vertical Cable Manager with Vertical Patching will erase your stress and launch you into the new year on the right foot.

PE2V features include:

  • High density manager
  • Significant additional cable capacity
  • 0 RU patching design
  • Color options – black or white
  • Ships partially assembled for configuration versatility

Panduit® PatchRunner™2 Enhanced Vertical Cable Manager with Vertical Patching provides a comprehensive architecture that helps regulate access to network equipment, efficiently organizing cables to ensure continuous coherent performance.

Learn more about the recent launch of the PatchRunner™2 Enhanced Vertical Cable Manager with Vertical Patching.

Elmhurst Memorial Healthcare Uses Technology to Provide Superior Patient Care

A Robust Network Infrastructure Allows for Patient-Centered Care

A robust network infrastructure allows for patient-centered care.

 

The future is here – but not all hospitals have the infrastructure to embrace it. So, when Elmhurst Memorial Healthcare rebuilt with a commitment to patient-centered care, they turned to Panduit for network infrastructure and connectivity solutions.

Challenge

The hospital needed to design a future-forward backbone for its enterprise to accommodate the 178,000-square-foot, four-story main hospital and to connect:

  • physician offices
  • outpatient healthcare services
  • surgical suites
  • the medical office building (80,000 square foot)

Solution

To accomplish this task, Elmhurst Memorial Healthcare relied on Panduit’s enterprise and data center network infrastructure solutions to create a campus-wide network that places the most advanced equipment and techniques in the hands of top medical talent.

Panduit enabled:

  • On-site telecom rooms and data center
  • Fast and secure data transmission
  • Efficient Power over Ethernet
  • Reliable wireless capabilities

Panduit’s TX6A™ 10Gig copper and Opticom® fiber backbone ensure that the entire care team can securely view medical records and test results simultaneously, regardless of location.

In addition, Panduit’s cabinet and cable management products organize and protect critical equipment and cabling from environmental hazards such as dust, heat, and humidity. Panduit’s FiberRunner® cable management system enables customers to manage, organize, and properly route their cables, saving space and ensuring optimal network operation.

Result

With Panduit’s help, Elmhurst Memorial Healthcare now makes technology decisions based on medical and business needs, not infrastructure limitations.

See the infographic case study.

 

 

Specifying can help EPCs Improve Productivity and Installation for a Safe Environment

Specifying can help EPCs Improve Productivity and Installation for a Safe Environment

 

Here’s a fact. Electrical standards ensure product safety and reliability.

But, how do you know if a product is reliable if it’s not tested to rigorous standards? Or when it comes time for inspection, how can you ensure it was installed according to the required standard?

For example, something as seemingly benign as using a manufacturer’s lugs with a different manufacturer’s tool can cause a crimp to not be UL certified and thus not pass inspection, leading to costly re-work, cost, and time overruns.

Standards compliance also provides engineers and procurement with a baseline to read beyond a supplier’s marketing and compare products. Be sure that the manufacturer you are considering buying from provides external or self-declaring test reports in line with the standards required for the project. Also, make sure they comply with ALL of the standard’s requirements, and if they don’t, they need to explain why or what parts do not fully comply.

With the global scale of the projects that you work on, electrical standards ensure there is seamless integration when working across borders.

What is UL 467?

This is a general safety standard used in grounding and bonding. Various tests are conducted and requirements provided as a baseline of quality for grounding and bonding equipment.

In Panduit’s case, it provides this for our direct burial compression grounding connectors. All reputable manufacturers of direct burial compression grounding connectors comply with UL 467.

UL 467 provides five requirements: Tensile force strength, in other words, how much force can be applied before any movement is detected between the connector-wire connection.

  1. Short time current, which simulates a fault to make sure the connectors are doing what they are intended to do
  2. Corrosion resistance.
  3. Direct Burial rating or whether a grounding connection can be buried in the earth (dirt or concrete).
  4. Markings such as DB (direct burial rated), AL (for use with aluminum wire only), AL-CU (for use with both aluminum and copper wire

What is IEEE 837?

This is a more stringent electrical standard than UL467 and has only 2 revisions since 1989. It is self-proclaiming by the manufacturer and not subject to a third-party testing agency similar to UL. The manufacturer should provide their test data to show that they comply such as:

  1. IEEE 837-1989 à IEEE 837-2002
  2. IEEE 837-2002 à IEEE 837-2014

There are 3 key elements of IEEE 837-2014:

  1. Pull out test eliminated and UL 467 rating acceptable. This is about half as stringent as the 2002 edition.
  2. Short time current test with a stricter requirement than UL. Used to emulate a utility-scale fault. The short time current rating is about twice as stringent as the IEEE 837-2002 edition.
  3. Sequence testing used to emulate harsh and heavy environmental conditions.

What is IEC 61914-2015?

This specifies requirements and tests for cable cleats that are used to secure electrical cables. To fully comply, cable cleats must pass tests for resistance to flame propagation, impact, and ultraviolet light exposure, as well as for lateral retention.

Cable cleats provide resistance to electromechanical forces resulting from a short circuit event. IEC 61914-2015 provides testing standards for this product, including the following highlights:

  1. Temperature rating
  2. Adequate resistance to flame propagation
  3. Lateral load testing
  4. Axial load testing
  5. Impact resistance (very light, light, medium, heavy, and very heavy)
  6. Resistance to electromechanical forces (ability to withstand one or more short circuit events at the manufacturer’s declared values of peak short-circuit current)
  7. Adequate resistance to corrosion

Partner with a company committed to meeting the daily challenges you face. Panduit offers a full solution of over 30,000 readily available parts – from cable ties to power connectors, terminals to identification – Panduit products are engineered for all aspects of designing, installing and maintaining infrastructures within EPC environments.

TSB’s ‘IT Troubles’: Why making the right infrastructure choices are more vital than ever






IT and Network Infrastructure

Carefully considering the connectivity infrastructure which underpins your IT systems can make for a vastly smoother operating environment.

 

You may be aware of TSB’s technical woes. Especially if you’re a customer.

Last month, the bank announced it would be upgrading its systems to replace the ones it inherited from Lloyds. After it announced services were back online, customers quickly began complaining. Many were unable to access their accounts at all. Some were able to see the personal details of others through their mobile banking app. Others have seen fraudulent or anomalous transactions on their accounts.

And if that wasn’t bad enough, multiple in-branch services also failed.

In terms of damage to trust in the brand, potentially enormous loss of revenue from normal transactions, and the possibility of regulatory fines, it’s been a tough time for TSB.

To avoid similar service catastrophes, companies need to carefully consider how they select every part of their IT ecosystem. How every part works in harmony with the others. And how they select the companies they choose as vendors and partners.

Infrastructure is no exception to this rule.

Carefully considering the connectivity infrastructure which underpins your IT systems can also make for a vastly smoother operating environment. Preventing the kind of hiccups that can often occur during the upgrade process, when a new (potentially incompatible) framework is ‘layered’ on top of existing systems. Systems that may themselves already exist within a fragile, unpredictable lattice. Which can react explosively when anything new is brought into the mix.

Well planned, well-provided infrastructure means the difference between a stable foundation for the IT department to do great work. And attempting to build a successful user experience and backend on an ever-shifting sea of quicksand.

So, the next time you’re planning an upgrade, remember to ask the important questions first. What are you building? And what are you building it on?

To learn more about ensuring you have the best infrastructure in place to deliver for your organisation, read the report – https://pages.panduit.com/finance-all.html.