Virtualization technology, a critical enabler for the digital transformation of the financial industry, delivers efficient and reliable IT solutions to financial institutions by enhancing resource utilization, flexibility, and security. However, in recent years, following the acquisition of VMware—a leading international virtualization technology provider—by Broadcom, VMware’s operational strategy in China has undergone significant shifts. Mass layoffs, adjustments to its subscription model, and uncertainties surrounding future strategies have posed multiple challenges for Chinese financial institutions, including rising costs of using VMware products, constrained technical support, and heightened data security risks.
Uncertainties Brought by Changes in VMware's Operational StrategyWith the acquisition of VMware by Broadcom, its operational strategy in the Chinese market has undergone significant changes, including massive layoffs and adjustments to the subscription model, leading to increased costs for VMware product usage, uncertainties about technical support and services for financial institutions.
Increased Data Security RisksAs uncertainties in the international environment increase, financial institutions have more stringent requirements for data security. International virtualization technology providers like VMware may have shortcomings in data security protection, unable to meet the needs of financial institutions for data autonomy and control.
Increased Operational ComplexityThe exit or adjustments of VMware products may lead to more challenges for financial institutions in the operation and maintenance process, such as version upgrades, problem troubleshooting, and fault handling.
Uneven Resource UtilizationIn the VMware environment, some financial institutions may have issues with unreasonable resource allocation, overloading of some resources, and waste of other resources.
All-integrated multi-cloud management platformThrough the construction of a fully integrated multi-cloud management platform, IT resources are standardized, automated, service-oriented and intelligent, from "single cloud" to "multi-cloud", from "business center" to "service center", from "management perspective" to "operation perspective", and finally realize the transformation of IT from a support center to a profit center.
Financial production cloud, development and testing cloudIt can quickly build a lightweight cloud platform, rapid iteration of development and testing, and innovative services, one-stop resource management, one-stop construction of computing, storage, and network resources, shorten the provisioning and launch of resources to minutes, and quickly and flexibly expand and contract resources.
Server virtualization is localizedIn response to the needs of localization in the financial industry, the domestic independent core virtualization technology is adopted to realize the same substitution of the server virtualization layer and the smooth migration of services, so as to ensure the safe and stable operation of financial information and financial business systems.
Financial information innovation business baseIt meets the underlying business bearing base of information technology application innovation of financial institutions' office management system, general business system and core business system, completes the compatibility certification of information and innovation ecological products such as six domestic chips, 12 major databases, and middleware, and helps many large and medium-sized domestic banks complete information technology application innovation.
Solution Advantages
Cost Reduction and Efficiency EnhancementBy choosing a self-controlled virtualization platform, reduce dependence on international suppliers like VMware, lower costs for product renewals, upgrades, and technical support.
Improve Operational EfficiencyBuild a visual performance monitoring system, achieve one-click rapid troubleshooting, improve operational efficiency, and reduce operational costs. At the same time, realize convenient self-service application of resources on demand for Xinchuang and non-Xinchuang, batch deployment of virtual machines, monitoring of idle resources, tenant self-management, application stores, and enhance delivery efficiency and operational efficiency.
Efficient and Intelligent ManagementAchieve unified management, unified scheduling, and unified operation and maintenance of resources, enhancing the efficiency of IT information system operations; achieve unified management, unified scheduling, and unified operation and maintenance of resources, enhancing the efficiency of IT information system operations;
Enhanced Security ComplianceSatisfy the requirements of domestic transformation; meet the business needs of regulatory systems;
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