Poor database archiving leads to increased op risk
Report advocates a more strategic approach to data archive management
LONDON – According to a new report by Forrester Research, businesses are exposing themselves to increased operational risk and costs due to inadequate database archiving strategies. The report outlines the recent explosion in data retention requirements, which it says existing infrastructure is ill equipped to deal with.
The responses of the 150 senior IT executives questioned by Forrester across the US and UK indicate the volume of enterprise data is growing by 50% a year, driven by a new generation of applications together with a strong demand to retain data for business analytics and trend analysis. Some 75% of the survey respondents state they are now managing 10 or more databases of at least a terabyte. This growth is causing serious performance and storage challenges, says the report.
In the report, Noel Yuhanna, principal analyst Forrester Research, says: “Database archiving often fails to get the attention it needs compared with other critical activities related to production databases and data warehouses.” Highlighting the compliance pressures now being faced, he continues: “An archival system becomes critical when you need to access archived information in response to a legal summons, customer service issue, security investigation or technical issue.”
UK-based archive store specialist Clearpace says the report, which it commissioned, only adds to an increasing body of evidence that shows it is critical IT managers place the same priority on the long-term retention and retrieval of structured data as they do on managing email and document archives.
“The value of archiving grows considerably as it becomes easier to access archived data,” says John Bantleman, chief executive officer of Clearpace. “With legal demands for access growing, conventional approaches to database archiving are increasingly being found lacking. They focus on lifting and shifting inactive data from production databases to improve application performance, without considering how to optimise the way archived data is stored. Get your archiving right and you reduce storage costs and guarantee simple, future-proofed access. Get it wrong and at worst you could face prison.”
This view is supported by Forrester Research’s report, Why database archiving should be part of your DBMS strategy, which says archiving approaches need to advance from simply considering how to select and move data into an archive towards encompassing specialised archive repositories that ensure data integrity, security and availability.
According to Forrester’s survey, the top two drivers of archiving strategies were regulatory compliance and business requirements. Recent domestic and other government regulations are requiring enterprises to store more specific information such as call records for several years, and businesses are increasing their demand for access to historical information. With this in mind, the situation is only set to get worse. Bantleman advocates a new approach. “IT managers need to achieve a balance between the compliance demands for retention and the business demand for economical storage and retrieval,” he says. “Current database management system technology is optimised for transactional processing and data warehouses are optimised for analytics, but both fail to adequately address archiving needs. Worse still, the lines between archive stores and back-up, which have very different drivers and requirements, are all too often blurred.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Risk management
Market doesn’t share FSB concerns over basis trade
Industry warns tougher haircut regulation could restrict market capacity as debt issuance rises
CGB repo clearing is coming to Hong Kong … but not yet
Market wants at least five years to build infrastructure before regulators consider mandate
Rethinking model validation for GenAI governance
A US model risk leader outlines how banks can recalibrate existing supervisory standards
FCMs warn of regulatory gaps in crypto clearing
CFTC request for comment uncovers concerns over customer protection and unchecked advertising
UK clearing houses face tougher capital regime than EU peers
Ice resists BoE plan to move second skin in the game higher up capital stack, but members approve
The changing shape of variation margin collateral
Financial firms are open to using a wider variety of collateral when posting VM on uncleared derivatives, but concerns are slowing efforts to use more non-cash alternatives
Repo clearing: expanding access, boosting resilience
Michel Semaan, head of RepoClear at LSEG, discusses evolving requirements in repo clearing
The state of IMA: great expectations meet reality
Latest trading book rules overhaul internal models approach, but most banks are opting out. Two risk experts explore why