The Challenge with Managing Multiple Vendors and Platforms
August 8, 2018 12:09 pm
Boulder, CO / New York, NY
The Challenge with Managing Multiple Vendors and Platforms
If you’re a financial company that manages retirement funds, your business has to make countless decisions regarding how to manage investors’ money every day. Much more complex than just buying stocks versus bonds, investors must consider real-time and future market dynamics, market timing, as well as external influencers that can impact investment value. The margin of error is excruciatingly small as even the tiniest of mistakes can have a significant impact on the finances and livelihood of thousands, if not millions, of investors.
As a result of the scenario described above, financial companies rely on sophisticated workload and analytic computing environments that integrate up-to-the-minute, if not up-to-the-second, information regarding the financial markets. This data is actually housed and managed through multiple workload software vendors such as IBM and CA, for example, and their associating platforms. Oftentimes, these vendors and platforms, actually operate independently of each other, rather than in unison. For example, a large bank might experience workload failures in their nightly computing processes on a regular basis. This particular bank uses one workload vendor for certain workload activities and a different vendor for another. These vendors have workload activity that goes across both of their platforms, yet, because these two vendors’ products do not communicate with each other, it is extremely difficult to identify and resolve the problem that spans the entire workload.
When a problem arises like the bank example, it has very serious ramifications for financial service companies. An inability to quickly and efficiently resolve workload issues, even ones that occur overnight, can trigger a domino effect that can cost companies valuable time, money, and even clients. In the case of financial institutions that manage retirement funds, if their workloads do not perform on time due to poor issue-resolution, financial analysts and managers find themselves without important and real-time data they need to make critical financial decisions for their clients. Service times slow, clients get frustrated, and business may actually be lost. Thankfully, it doesn’t have to be this way.
End-to-End Workload Analytics Provides a Simple Solution
Successfully managing a workload can appear overwhelming, as massive amounts of data are crossing multiple vendors and platforms. It can seem like a huge highway system with complex underpasses and overpasses and cars going every which way at all hours of the day. The solution to managing workloads such as these, however, is actually pretty simple. In managing a workload, Terma Software analyzes and monitors batch processing from the beginning of the workload to the end of the workload. As a result, companies know that their data is processed accurately and on-time between different vendors and platforms. This process is referred to as End-to-End Workload Management.
With End-to-End Workload Management, Terma’s solution automatically pinpoints where problems in the workload originate so companies can easily and quickly resolve workload issues. Additionally, Terma provides the only workload analytics solution on the market with prediction, visualization, and analysis across multi-vendor and multi-platform environments. This ‘Single Pane of Glass’ technology enables companies to view and analyze the entire batch process in one place, regardless if different workload vendors and platforms are in place.
The Benefits of Workload Analytics
Terma’s End-to-End Workload Management helps customers such as large financial organizations avoid critical workload failures. Such companies cannot afford for their workloads to fail or not perform at optimal levels as people’s retirements and overall livelihoods are at stake. Business processes that experience batch failures across multiple vendors and platforms run longer than normal. If financial analysts and managers can’t get the information they need in a timely manner, their service and their business are in jeopardy. With an automated end-to-end solution that functions across different workload vendors and platforms, Terma helps ensure workloads run problem and issue free.
When the workload is effectively automated and coordinated from start to finish, it becomes more efficient. Terma delivers workload visualization and analysis capabilities to coordinate all the computing processes from end-to-end, making the workload far easier to manage and requiring fewer people to do so. In the financial world, when managing workloads require fewer people and less time, existing resources can be deployed elsewhere to focus on other areas of the business. This dynamic can often lead to an increase in overall personnel productivity and higher growth for such companies.
Putting workload analytics in place that can synchronize multiple vendors and platforms can significantly lower workload management costs. If a financial institution is working with data that is not up-to-date and accurate, then they are susceptible to providing poor advice and poor decision-making to their clients. This can become costly for the clients if investment performance drops and can be costly for financial companies if they lose clients as a result of poor performance. When these failures stem from a lack of cross-vendor and cross-platform management, the cost-savings of using Terma’s software is significant. Terma’s solutions prevent costly issues from occurring through powerful analysis and visualization technologies that help companies to keep the workload functioning at its highest levels, regardless of vendors or platforms in place.
To learn more about Terma’s End-to-End Workload Analytics solution for financial companies, contact Terma Software for more information.
About Terma Software
Terma Software has developed the industry’s most comprehensive platform for workload intelligence and the ability to leverage it to provide measurable predictive analytics. Terma’s products TermaVISION, TermaUNIFY, and TermaINSIGHT enable optimization of workload processing to help realize more value from Workload Automation tools by providing SLA management, forecasting, predictive analytics, prescriptive actions and reporting through analytics, Artificial Intelligence (AI), and Machine Learning. The products ensure that companies can lower their costs and improve the reliability and performance of mission-critical workload processes. Terma supports any job scheduler, including IBM Workload Scheduler (IWS), CA AutoSys, CA7, and Tidal Workload Automation. Terma is the only supplier of management solutions in cross-vendor and cross-platform scheduling environments providing a single perspective (aka single pane of glass) into the environment. The products are available on-premise or SaaS. For more information or to arrange an overview of the solution, contact Jim Anderson, Vice President at Terma Software. Jim can be reached by email at Jim@TermaLabs.com, or www.termasoftware.com.