The BFSI segment collectively includes organizations in banking services such as core banking, investment, private, and cards; financial services such as payment gateways, stock broking, and mutual funds; and insurance services. Data is the most crucial part of BFSI organizations, owing to this industry’s strict regulations for data storage and protection. Moreover, BFSI is a sector characterized by digitization, and the increasing number of customers using various banking applications has resulted in exponential growth of data in the banking and financial services industry. Thus, keeping data and the IT infrastructure safe and secure is essential for gaining consumer trust and success of the BFSI sector. Data center colocation facilities are equipped with high security measures that ensure the safety of the infrastructure placed in these facilities. Colocation facilities also provide redundancy and disaster recovery capabilities that ensure minimal downtime and uninterrupted operations. This is crucial for the BFSI sector as numerous transactions are being processed every minute, and any disruption can cost billion dollar losses. Furthermore, colocation facilities provide onsite support services such as remote hands that help in troubleshooting issues for the IT infrastructure. Thus, data center colocation services help BFSI organizations in improving flexibility, reliability, security, and cost efficiencies, and in alleviating risks, resulting in increasing demand for these services in the BFSI industry.
STT GDC’s Data Center Colocation Services are led by experienced local experts. It is for gaining high strategic reach with a stern benchmark of operational brilliance and energy-efficiency and security. They anchor an extravagant set of deployment requirements and also assure catering unique colocation requirements with a customer-centric approach. Their primary aim is to make sure that data centres are developed and operated consistently, enabling customers with greater access worldwide and facilitate easy deployment.
Telstra operates in telecommunication networks and internet accessibility. The colocation data centre in short known as “colo” is the facility that is provided by the concerned provider in which corporate houses rented the space to fulfil their need for data-centres. The facility provider helps to provide space, cooling, security, and maintenance of the server and hardware. The company that uses the facility will provide the fund to maintain and give protection to the servers and equipment.
Singapore Telecommunication Limited is the largest telecommunication provider giant in Singapore. Datacenter colocation service can be understood in such a way that it is a place where equipment, space, and bandwidth are available for rent for those who require it. It is used to provide facilities like space, power, cooling, storage, and security to the servers and networking equipment of other firms and also connect them with the other telecommunication service provider without the complexity and high budget.