IBM today announced that Union Bank of India (UBI) has selected IBM's data center management services to enhance productivity and improve business operations. The service will enable the bank to enhance reliability and efficiency of critical infrastructure as well as significantly improve data management across multiple locations.
The data center management services from IBM will include end-to-end infrastructure management for servers, storage and database for both production and disaster recovery sites. IBM will provide data center management services to UBI as part of a 7-year engagement.
Data sensitive industries like the financial sector require a robust IT infrastructure to ensure enhanced performance across multiple workloads, while at the same time reducing the overall cost. It is therefore critical for financial services companies to ensure that their data centers are highly efficient and optimally utilized.
''Data centers are the backbone of our business. We needed to ensure that they are equipped with the latest technology and optimally utilized. We chose to engage IBM because of their global expertise in designing and building innovative, energy efficient data centers. IBM's data center services will enable UBI to build the IT environment needed to manage the changing requirements of our growing customer base,'' said Ajit Kumar Rath, general manager, information technology, Union Bank of India.
''Data is a core asset of any company, even more so in the financial sector. As UBI is a large financial institution with presence across the country, we had to take a holistic approach to address their IT infrastructure needs. Through our expertise in data centre management and our ability to build and manage several data centres for clients here, we have enabled UBI's business to leverage data efficiently, while reducing the overall IT services costs,'' said Lingraju Sawkar, director, integrated technology services, global technology services, IBM India/ South Asia.
Shares of the bank declined Rs 1.2, or 1.16%, to settle at Rs 102.05. The total volume of shares traded was 230,483 at the BSE (Tuesday).