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ALEC DCS, the Dubai-based subsidiary of the ICD-owned ALEC Group has announced its latest technical solutions are perfectly primed for the increasing demand from the region’s financial sector, which has now seen a shift in how its data is secured and managed.
Following the announcement that JP Morgan Chase spent $2 billion on new data centers in 2021 alone, a greater awareness for the shift in demand for data centres to be more cloud-friendly has seen infrastructure strategies change with more companies focusing on workload demand as opposed to physical data centers.
Speaking on behalf of the banking giant’s tech investments, Chief Financial Officer Jeremy Barnum said,
“Underpinning all of this is our continued emphasis on cybersecurity to protect the firm and our clients and customers, as well as maintaining a sound control environment. We believe it’s critical to identify and resolve customer pain points and improve the user experience, and we’re attacking the problem with a combination of building, partnering, and buying.”
Commenting on the change in demand from the financial sector, ALEC DCS General Manager, Bjorn Viedge said,
“We understand that the data requirements from the financial sector, particularly as cryptocurrency and blockchain technology become more widely used, will require enhanced security, processing, storage, and versatility when it comes to access, which is why we continue to work with some of the world’s leading technology providers to meet market demand.”
According to tech-site Equinix,
“By 2025, 85% of infrastructure strategies will integrate premises collocation, cloud, and edge delivery options, compared with 20% in 2020.”