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Goldman Sachs adopts modular data centres to save

Shifting from real estate-based to technology-based approach

Investment bank Goldman Sachs Group is embarking on a long-term modular data centre strategy for its UK, US and Singapore operations.

Goldman Sachs has signed a modular data centre-as-a-service contract with IO. As part of the deal Goldman Sachs will deploy IO's IO.Anywhere modular technology in its internal data centres.

It will also use IO's IO.OS data centre operating system in each deployment, to gain business intelligence, real-time visibility and control of its data centre environments to gain optimal performance.

Goldman Sachs said the move marked a shift from "large real estate-based infrastructures to flexible and sustainable modular installations". In addition to greater operating and capital expense savings, Goldman Sachs expects to enhance energy conservation and power usage effectiveness (PUE) through its service agreement with IO.

Don Duet, global co-chief operating officer of the technology division at Goldman Sachs, said, "IO's technology and services will allow Goldman Sachs to scale its data centre operations more efficiently, and further advance the firm's broader commitment to environmental stewardship and reduced carbon footprint."

In other financial services data centre news, Nationwide building society says it has enhanced its online banking capabilities with a new high availability data centre.

To ensure it could provide a full range of internet banking features, Nationwide embarked on a major transformation programme to develop an intuitive web interface and a robust data centre platform to perform back-end processing.

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