Sectors » Financial Services
During a conversation this week with Cray CEO, Peter Ungaro, we learned that the company has managed to extend its reach into the enterprise HPC market quite dramatically–at least in supercomputing business terms. With steady growth into these markets, however, the focus on hardware versus the software side of certain problems for such users is….
The private industry least likely to adopt public cloud services for data storage are financial institutions. Holding the most sensitive and heavily-regulated of data types, personal financial information, banks and similar institutions are mostly moving towards private cloud services – and doing so at great cost.
<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/analytics_small.bmp” alt=”” width=”92″ height=”92″ />One of technology’s most pervasive buzzwords echoed in the ears of attendees at this year’s one-day HPC on Wall Street conference in New York City, as panel after panel addressed the challenges and opportunities that big data presents. From the opening remarks regarding Wall Street’s traditional concern of low latency, delivered by Cisco CTO Paul Perez, to the multiple open-ended discussions that took place in concurrent panels, the “big data” problem was a much-discussed topic.
Cloud computing offers highly flexible and available compute capacity for a variety of applications. However, the act of provisioning those resources can be rather complicated, requiring a certain level of expertise and consequently reducing cloud adoption. In 2005, Techila was created to simplify the act of using the cloud, developing middleware to bridge applications to external compute resources.
<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/uRiKA_top.bmp” alt=”” width=”94″ height=”93″ />For the first time in its history, Cray has built something other than a supercomputer. On Wednesday, the company’s newly hatched YarcData division launched “uRiKA,” a hardware-software solution aimed at real-time knowledge discovery with terascale-sized data sets. The system is designed to serve businesses and government agencies that need to do high-end analytics in areas as diverse as social networking, financial management, healthcare, supply chain management, and national security.
The NASDAQ OMX group and Amazon Web Services have partnered to develop a cloud platform for financial institutions.
Errant HFT algorithm costs firm $440 million.
According to a new report from Saugatuck Technology, cloud-based business analytics is poised for huge growth over the next two years.
IBM and Citigroup introduce the Jeopardy-winning supercomputer to the financial industry.
Risk-averse industries are still considering clouds but security and availability concerns persist for mission-critical applications.
Off the Wire
SAN JOSE, Calif., July 15 — Super Micro Computer, Inc., a global leader in high-performance, high-efficiency server, storage technology and green computing, today announced that it will release fourth quarter and fiscal 2014 financial results on Tuesday, August 5, 2014, immediately after the close of regular trading, followed by a teleconference beginning at 2:00 p.m. Read more…
July 14 — The Commonwealth of Pennsylvania budget for fiscal year 2015 includes $500,000 for the Pittsburgh Supercomputing Center (PSC). “We are, of course, pleased and honored that the state has once again found PSC to be worthy of funding in this fiscally challenging year,” says Ralph Roskies, scientific director for PSC. “We’re grateful to Read more…
SANTA FE, N.M., July 10 — Flow Science is among ten New Mexico businesses – headquartered in Abiquiu, Albuquerque, Alcalde, Santa Fe and Taos – who have been named winners of the 2014 Venture Acceleration Fund (VAF) awards. VAF was initiated in 2006 by Los Alamos National Security, LLC (LANS), the company that manages Los Read more…
SEATTLE, Wash., July 10 — Global supercomputer leader Cray Inc. today announced the Company has been awarded one of the largest contracts in Cray’s history — a $174 million deal to provide the National Nuclear Security Administration (NNSA) with a next generation Cray XC supercomputer and a Cray Sonexion storage system. The next-generation Cray XC supercomputer Read more…
ARMONK, N.Y., July 10 – IBM today announced it is investing $3 billion over the next 5 years in two broad research and early stage development programs to push the limits of chip technology needed to meet the emerging demands of cloud computing and Big Data systems. These investments will push IBM’s semiconductor innovations from today’s breakthroughs Read more…