Green Data Strategies to Reduce Energy Bills & Cut CO2...
Date: 16 March 2022
Author: Warren Barrie – Director, Data Centers – Bulk Infrastructure AS
Fintech organisations use high performance computing (HPC) and high-density infrastructure to run workloads ranging from artificial intelligence to analysis of large datasets.
Driven by the need to process ever-expanding data volumes, both structured and unstructured, we’re seeing an increase in the computing power and energy needed to process this data – putting increased pressure on energy grids in densely populated Fintech hubs like London and Frankfurt and an awareness of the environmental impact that this is having on carbon emissions.
Additional factors such as new and changing regulatory requirements, the constant need to manage risk effectively, and the increased adoption of AI and machine-learning tools across a wide range of applications means that each of these workloads has its own unique technology infrastructure requirements.
So how can Fintech companies make sure they are deploying the right infrastructure to manage workloads in a way that is not only sustainable from a carbon-neutral perspective but is also cost-effective?
At Bulk we can help solve these challenges.
We offer modern HPC-ready facilities, powered by low-cost renewable Nordic energy – reducing carbon emissions and lowering Total Cost of Ownership.
Sustainable, low-cost power
Data centers for many heavy workload applications do not need to be in or near urban environments. With minimal latency, the facilities we run in Norway and Denmark deliver the same performance as those on the outskirts of any of the FLAP D markets (Frankfurt, London, Amsterdam, Paris and Dublin).
For companies with high data requirements, Bulk´s use of renewable power is the ideal opportunity for Fintechs to make inroads into reducing supply-chain pollution, and all in a way that guarantees continued high performance. For example, our data center near Kristiansand (N01) achieves dense connectivity via a range of intercontinental and regional fibre networks and is powered by 100% renewable energy (hydropower).
Flexible solutions for growth
We are seeing many financial institutions taking an interest in collocating their non-critical data workloads to Norway. From a single rack to built-to-suit solutions in our fully owned data centers – we have the space and security, as well as the resilience and reach, to make IT infrastructure work for Fintechs – regardless of the type of workloads.
As Fintechs increasingly look for new ways to manage the cost and sustainability for their HPC workloads, they should consider the benefits of working with an infrastructure partner like Bulk to meet their power-intensive data processing needs with high availability, cost efficiency, responsiveness and low carbon emissions.
Interested in Finding out more?
Held on Wednesday 6th April, an insightful webinar where I will talk through some of the benefits of implementing a net-zero colocation strategy you’ll discover why:
- Norway is becoming attractive to high growth Fintech companies that need reliable, low latency and cost effective, reliable power for their HPC needs
- Moving your data to a region with the lowest carbon footprint can save you between 50-60% on your energy costs
- Zero carbon emission is possible now for your HPC workloads
- It’s important to consider a colocation data centre option at the start of your journey as you plan for growth and scale-up
- Becoming sustainable can give companies a competitive advantage and have a material impact on reputation and brand value
- Directly aligning your business to environmental and sustainability initiatives opens up investment capital and investment focus
- The quickest and easiest way to deal with infrastructure costs is to look at sustainable options outside of the FLAPD markets.
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Presenters
Warren Barrie
Director, Data Centers – Bulk Infrastructure AS
An accomplished and experienced entrepreneurial professional operating in Senior Executive and Sales Director / Business Development Director roles. His career encompasses a high growth successful start-up as well as value creation across two publicly listed Companies transacting across multiple global markets.
See https://www.linkedin.com/in/wbarrie/
A hands-on strategic business leader Warren is focused on creating a rewarding and enjoyable experience for clients and partners. A huge believer in the power of relationships and the unlocked potential of people both on the employer and customer side…
Susanne Chishti
CEO and Founder, FINTECH Circle
Susanne Chishti is the CEO of FINTECH Circle, Europe’s 1st Investor Network focused on fintech investments & Founder of the FINTECH Circle Institute, the leading fintech learning platform for C-level innovation workshops and fintech courses.
Susanne is the Co-Editor of the bestselling The FINTECH Book Series published by Wiley. The Series include The FINTECH Book, which has been translated into 10 languages and is sold across 107 countries, The WealthTECH Book, The InsurTECH Book, The PAYTECH Book, The AI Book and The LEGALTECH Book. In 2020 Wiley published the ultimate fintech guide FinTech for Dummies, which is co-authored by Susanne.
She has also been a fintech TV Commentator on CNBC and is a guest lecturer on financial technology at the University of Cambridge and Warwick Business School.
After completing her MBA she started her career working for a fintech company (before the term “fintech” was invented) in the Silicon Valley 25 years ago. She then worked more than 15 years across Deutsche Bank, Lloyds Banking Group, Morgan Stanley and Accenture in London and Hong Kong.
