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Primeur weekly 2016-11-07

Focus

EGI to finalize service catalogue and ISO certification ...

Exascale supercomputing

SLAC and Berkeley Lab researchers prepare for scientific computing on the exascale ...

Quantum computing

Researchers nearly reached quantum limit with nanodrums ...

Focus on Europe

New approach for ARM-based technology to halve the cost of powering data centres ...

PRACE to award contracts in third and final phase of Pre-Commercial Procurement (PCP) ...

PRACE welcomes new Managing Director Serge Bogaerts ...

PRACE 2016 Digest Special Edition on Industry is out ...

Supercomputer comes up with a profile of dark matter ...

Middleware

Bright Computing supplies Bright OpenStack to Stony Brook University ...

DDN Annual High Performance Computing Trends survey reveals rising deployment of flash tiers and private/hybrid Clouds versus public for HPC ...

With Corral 3, TACC provides a more unified data structure and increased space ...

Hardware

Mellanox launches open source software initiative for routers, load balancers, and firewalls ...

Mellanox Multi-Host technology reshapes data centre economics ...

Cray awarded $26 million contract from the Department of Defense High Performance Computing Modernization Programme ...

Hewlett Packard Enterprise completes acquisition of SGI ...

Centre for Modelling & Simulation in Bristol launches new supercomputer ...

Baylor University selects Cray CS400 cluster supercomputer to power innovative research ...

SGI awarded $27 million systems contract with the Army Research Laboratory Defense Supercomputing Resource Center ...

Applications

XSEDE spins off annual conference to unite research computing community ...

Researchers at UCSB explore the delicate balance between coherence and control with a simple but complete platform for quantum processing ...

Cosmic connection: KITP's Greg Huber worked with nuclear physicists to confirm a structural similarity found in both human cells and neutron stars ...

New technique for creating NV-doped nanodiamonds may be boost for quantum computing ...

New bacteria groups, and stunning diversity, discovered underground ...

The Cloud

IBM drives Cloud storage with new all-flash and software defined solutions ...

Capital markets firms continue to invest in hardware for compute Grids alongside growing Cloud adoption, according to TABB Group Research ...

Capital markets firms continue to invest in hardware for compute Grids alongside growing Cloud adoption, according to TABB Group Research

1 Nov 2016 New York, London - Although financial services firms are moving to adopt Cloud computing for less demanding workloads, firm-managed physical hardware will be required for the foreseeable future to handle the most throughput- and latency-sensitive compute workloads, according to TABB Group's latest research, "The Future of Grid Computing in a Cloud-Enabled World". The research considers the compute Grid's place in a Cloud-enabled world, addresses options for optimizing onsite system performance, and discusses total cost of ownership (TCO) considerations for onsite Grid components.

As detailed in the report co-authored by TABB's head of FinTech research Terry Roche and senior analyst Monica Summerville, there will continue to be a need to improve utilization of these hardware resources, so a Grid or a Grid-like solution will still be required. Firms will need to develop a more granular understanding of TCO for their computational services in order to be able to effectively evaluate alternatives, such as Cloud, in terms of return on investment.

"The majority of firms TABB spoke with for our report recognize the need to reinvest in on-premise Grid computing because certain computationally intensive workloads, such as credit valuation adjustment and liquidity analysis, are not suitable for migration to public Cloud", stated Monica Summerville. "The highly specialized latency and scheduling requirements associated with these types of workloads offer a poor fit with the business model of Cloud."

With regulatory requirements continuing to grow, TABB found firms still investing in on-premise compute capabilities, focusing on solutions offering flexibility, small footprints and reduced administration overhead. TABB also found a growing business case for less demanding Grid workloads migrating to hybrid or public Cloud. However, there is also a lack of clarity as to how to architect hybrid Grid solutions for Cloud and questions as to whether public Cloud's business model can provide a compute solution for significantly less than a firm's own Grid in all use cases.

"Getting the right mix of on- and off-premises solutions will be key in meeting today's business challenges and innovating for tomorrow and our outreach found that the majority of institutions plan to maintain or reinvest in their computational Grids for the short-to-medium term", stated Monica Summerville.

The report is now available for download .
Source: TABB Group

Back to Table of contents

Primeur weekly 2016-11-07

Focus

EGI to finalize service catalogue and ISO certification ...

Exascale supercomputing

SLAC and Berkeley Lab researchers prepare for scientific computing on the exascale ...

Quantum computing

Researchers nearly reached quantum limit with nanodrums ...

Focus on Europe

New approach for ARM-based technology to halve the cost of powering data centres ...

PRACE to award contracts in third and final phase of Pre-Commercial Procurement (PCP) ...

PRACE welcomes new Managing Director Serge Bogaerts ...

PRACE 2016 Digest Special Edition on Industry is out ...

Supercomputer comes up with a profile of dark matter ...

Middleware

Bright Computing supplies Bright OpenStack to Stony Brook University ...

DDN Annual High Performance Computing Trends survey reveals rising deployment of flash tiers and private/hybrid Clouds versus public for HPC ...

With Corral 3, TACC provides a more unified data structure and increased space ...

Hardware

Mellanox launches open source software initiative for routers, load balancers, and firewalls ...

Mellanox Multi-Host technology reshapes data centre economics ...

Cray awarded $26 million contract from the Department of Defense High Performance Computing Modernization Programme ...

Hewlett Packard Enterprise completes acquisition of SGI ...

Centre for Modelling & Simulation in Bristol launches new supercomputer ...

Baylor University selects Cray CS400 cluster supercomputer to power innovative research ...

SGI awarded $27 million systems contract with the Army Research Laboratory Defense Supercomputing Resource Center ...

Applications

XSEDE spins off annual conference to unite research computing community ...

Researchers at UCSB explore the delicate balance between coherence and control with a simple but complete platform for quantum processing ...

Cosmic connection: KITP's Greg Huber worked with nuclear physicists to confirm a structural similarity found in both human cells and neutron stars ...

New technique for creating NV-doped nanodiamonds may be boost for quantum computing ...

New bacteria groups, and stunning diversity, discovered underground ...

The Cloud

IBM drives Cloud storage with new all-flash and software defined solutions ...

Capital markets firms continue to invest in hardware for compute Grids alongside growing Cloud adoption, according to TABB Group Research ...