Case Study: Capacity on Demand
Provisioning storage to meet business demands and budget requirements
A capacity on demand infrastructure solution provides real-time, optimized storage capacity for a major financial services firm.
The Client
Based in the Northeast, the client is the world's leading provider of financial services to institutional investors. Their broad and integrated range of services spans the entire investment spectrum, including research, investment management, trading services and investment servicing.
Based in the Northeast, the client is the world's leading provider of financial services to institutional investors. Their broad and integrated range of services spans the entire investment spectrum, including research, investment management, trading services and investment servicing.
The Situation
The client is one of the largest consumers of information storage in the United States. Based on the dynamic nature of the client’s business and the intense regulatory requirements, the need to provision storage quickly and efficiently is a real (and real-time) concern. The client needed instant access to excess storage capacity and did not want to pay for the excess capacity until they used it. Further, the client preferred to retain its relationship with its storage provider, Hitachi Data Systems (HDS), even though HDS could not meet the solution requirements alone.
The client is one of the largest consumers of information storage in the United States. Based on the dynamic nature of the client’s business and the intense regulatory requirements, the need to provision storage quickly and efficiently is a real (and real-time) concern. The client needed instant access to excess storage capacity and did not want to pay for the excess capacity until they used it. Further, the client preferred to retain its relationship with its storage provider, Hitachi Data Systems (HDS), even though HDS could not meet the solution requirements alone.
The Sayers Contribution
The client looked to Sayers to help design and execute a cost-effective capacity on demand solution to meet their aggressive IT objectives. The Sayers’ team collaborated with HDS to design and implement a 120-terabyte, fully integrated storage solution.
Next, the Sayers Structured Financing specialists designed a program to fully fund and manage the Capacity on Demand solution, enabling the client to have an estimated 12 months of forecasted storage capacity delivered and installed, without payment until the first billing event (90 days following the initial installation). In addition to the provisioning enhancement and favorable budget impact of the solution, the client was also able to experience the performance gains of the latest storage technology, such as seamlessly allowing storage administration teams to disperse LDEVS across all BED and array groups.
The client looked to Sayers to help design and execute a cost-effective capacity on demand solution to meet their aggressive IT objectives. The Sayers’ team collaborated with HDS to design and implement a 120-terabyte, fully integrated storage solution.
Next, the Sayers Structured Financing specialists designed a program to fully fund and manage the Capacity on Demand solution, enabling the client to have an estimated 12 months of forecasted storage capacity delivered and installed, without payment until the first billing event (90 days following the initial installation). In addition to the provisioning enhancement and favorable budget impact of the solution, the client was also able to experience the performance gains of the latest storage technology, such as seamlessly allowing storage administration teams to disperse LDEVS across all BED and array groups.
The Impact
The execution of the client’s strategic initiative has reduced traditional incremental storage provisioning from 4 weeks to 1-2 hours. In addition, the client has experienced an overall 25% increase in COD storage performance, leading to increased customer satisfaction and a multi-million dollar lift to the bottom line.
The execution of the client’s strategic initiative has reduced traditional incremental storage provisioning from 4 weeks to 1-2 hours. In addition, the client has experienced an overall 25% increase in COD storage performance, leading to increased customer satisfaction and a multi-million dollar lift to the bottom line.