The Bank of China is one of the five largest state-owned, joint-stock banks in China. Formed in 1912, it remains the oldest bank in China. It is the fourth largest bank, globally. The Bank of China is ranked 45th in the top 500 largest companies in the world. In 2013, its assets were valued at almost 17 trillion Yuan. It is known as being the most internationalized and diversified bank in the country.
The changes in China’s financial laws has led to fiercer competition for the Bank of China. It is now deemed legal for private companies to establish small and medium sized banks and other financial institutions. This, along with the introduction of the deposit insurance system has ensured that other companies will create greater competition in the banking sector. Internet companies such as Tencent and Alibaba, in particular will be considered particularly threatening.
To remain relevant and be a contender in the field, the Bank of China requires a stable and robust platform. This will ensure the smooth running of the business. This system would need to be flexible enough to meet the needs of business innovation.
The Inspur servers will allow for the optimal production of the Bank of China systems while maintaining a low TCO. The Inspur servers are designed to adapt to the different requirements of various businesses. The cabinet server has a variety of nodes including 1U full-width dual-way 12 disks integrated node, 1U full-width single-way 18 disks cold storage node and 1U half-width dual-way computing node. These will provide assistance with storage, computing, IO capacity, as well as power consumption.
The TCO and maintenance costs could also be kept down with these servers. With optimal designs, cooling systems, and high density deployment, theses servers are designed to use up minimum space and power. These systems can also be upgraded with little effort and cost involved. The proceedings of the Bank of China should not be disrupted at all during updating of the system.
The Bank of China were able to proceed with their business in a stable manner and with reliable results from the Inspur servers. The servers can also be accessed remotely increasing efficiency by 10 percent. The server failure rate is also considerably lower when compared to other servers in the industry. The bank’s power usage has also reduced by around 10%.