FEATURE
When it comes to flexibility , data is a crucial aspect for FinTechs . In today ’ s world , companies store masses of data and its amount is growing fast . This makes the storing of the data a juggling act and the costs continue to grow with it . In periods of economic uncertainty , such as the one we are experiencing now , this constant increase in data can quickly turn into a challenge . Therefore , FinTechs must ensure that scalability is at the heart of everything they do . When it comes to scalability , however , the key factor is not just growth or the ability to scale up . A vital , but often overlooked opportunity in scalability lies in scaling down , when needed . For FinTechs aiming at this level of scalability , hyperscale is the only way forward .
The answer is hyperscale
Hyperscale data centres provide businesses with a one-stop shop for all their data and capacity requirements . These centres , which are built in a campus-style design , allow companies to build out further data centres quickly within the same location , or if needed , downsize . In an environment of everfluctuating demand , hyperscale enables scalability of data and storage , swiftly . This presents many benefits . The sheer size of these facilities allows for largescale cloud adoption , which is more streamlined , flexible and cost-effective than ever before . This will help FinTechs to get a better handle on their data and reduce costs as much as possible .
With this level of scalability , companies can operate like an elastic band , expanding or retracting when necessary
A LIFELINE FOR FINTECH
COMPANIES GOING FORWARD
WILL BE FLEXIBILITY AND
THE ABILITY TO SCALE . and at a moment ’ s notice . FinTechs will have to scale up their operations to cope with the high demand of online services . Meanwhile , when demand decreases , it might be beneficial to scale down and reduce costs until demand increases again .
Hyperscale will also help FinTech companies to future-proof their operations , which has become a key consideration as the economy looks to recover from the pandemic . By having the level of flexibility that hyperscale provides , businesses will always have the ability to learn or expand . Being able to adjust quickly within the hyperscale environment , with no added costs , makes FinTechs more resilient and flexible to disruptions .
While cutting costs will continue to be a priority in today ’ s business environment , it is important that FinTech companies look beyond this and focus on innovation and technology . The issues that the pandemic
Jackson Lee , VP Corporate Development from Colt Data Centre Services
unearthed already existed and needed to be addressed by businesses . Therefore , they need to take the current situation as an opportunity to reconsider and improve their business models . Flexibility , scalability and cost-efficiency must be top priorities in this new era . Hyperscale can provide this trinity of success . ◊
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