Juniper to make Next-Gen Data Center for Enterprises

Juniper Networks has announced that global financial services firm UBS has selected the company to build a next-generation enterprise data center network infrastructure.

Many financial service institutions face unprecedented pressures ranging from changing economic conditions to increased regulations and rapidly-evolving technologies – all the while needing to optimize their cost structure. According to Gartner, sixty-eight per cent of banking and investment institutions will change their technology and sourcing approach in the next two to three years.

“Banks are re-engineering their business models in the light of changing market and regulatory conditions, changing customer behaviour, and emerging technologies. Managing this transformation in financial services requires an intelligent High-IQ network infrastructure that knows how to fluidly adapt to business demands. It also requires building private clouds that deliver applications with high performance and agility,” said Shaygan Kheradpir, Chief Executive Officer, Juniper Networks.

It’s apparent that financial firms are seeking IT solutions that will balance their need for increased flexibility and application performance with cost discipline. These institutions must implement a new set of principles to align IT infrastructure with business strategy, requiring an IT architecture and network that can react with speed, agility and at scale to guarantee performance and deliver competitive advantage while driving cost takeout.