Holistic Enterprise IT Management: A Pipe Dream?
Can holistic IT management of the enterprise be achieved? This question came to mind during the keynote address that Rupert Brown, principal architect at Bank of America Merrill Lynch, delivered at the North American Trading Architecture Summit this week.
What I took away from the conference is that it is physically possible monitor and manage enterprise infrastructure from the network up to the application level, but the human element seems to be the sticking point.
The old saying that “perfect is the enemy of good enough” comes to mind. Right now banks are still making profits with their current infrastructure that is good enough. It is easy for each siloed business unit to optimize its specific performance, but orchestrating and optimizing across the enterprise is difficult to accomplish.
The first challenge is knowing what the enterprise looks like. There are tools that will auto-discover network and server infrastructure, but when it comes to applications and how they interact with one another, it's a mystery. How many firms are needlessly duplicating databases and data feeds simply because they are not aware of how different business units use the data?
One senior IT executive at the conference joked that his firm plans to give a summer intern a clipboard so that he can inventory all the applications and how they interact. It might have been a flippant answer, but judging by the audience laughter, it seems to ring true for many firms.
Considering the ever-growing and changing nature of enterprise infrastructure, creating a realistic map of it would be a long and expensive project with a delayed return on investment (ROI) for most firms.
However, there is hope. New regulations, such as the change in the reporting standards from the UK Financial Services Authority (FSA), forced firms to address their data handling and management issues. Then there are the technological issues. When firms were preparing for Y2K, they needed to take complete inventory of their applications. But since then there hasn't been a crushing need.
The next industry-technical issue that will give firms a chance to inventory their infrastructures will be the movement from version 4 to version 6 of the IP networking protocol. I'm sure, however, that they will deploy some sort of workaround and delay the migration as long as humanly possible.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
The total portfolio approach gains momentum: Building the right tech foundation for success
The rationale for the TPA, and the crucial role technology plays in enabling such an approach
Google, CME say they’ve proved cloud can support HFT—now what?
After demonstrating in September that ultra-low-latency trading can be facilitated in the cloud, the exchange and tech giant are hoping to see barriers to entry come down.
Institutional priorities in multi-asset investing
Private markets, broader exposures and the race for integration
BlackRock and AccessFintech partner, LSEG collabs with OpenAI, Apex launches Pisces service, and more
The Waters Cooler: CJC launches MDC service, Centreon secures Sixth Street investment, UK bond CT update, and more in this week’s news roundup.
TCB Data-Broadhead pairing highlights challenges of market data management
Waters Wrap: The vendors are hoping that blending TCB’s reporting infrastructure with Broadhead’s DLT-backed digital contract and auditing engine will be the cure for data rights management.
Robeco tests credit tool built in Bloomberg’s Python platform
This follows the asset manager’s participation in Bloomberg’s Code Crunch hackathon in Singapore, alongside other firms including LGT Investment Bank and university students.
FCA eyes equities tape, OpenAI and Capco team up, prediction markets gain steam, and more
The Waters Cooler: More tokenization, Ediphy lawsuit updates, Rimes teams up with Databricks, and more in this week’s news roundup.
Buy-side data heads push being on ‘right side’ of GenAI
Data heads at Man Group and Systematica Investments explain how GenAI has transformed the quant research process.