Object storage is rapidly becoming the primary mode of storage for the private cloud, offering high rates of throughput, along with high performance and scalability. Neither file nor block storage systems can offer the combination of speed and scalability of object storage. As the volume of data continues to grow, financial organisations need to be able to perform advanced analytics at scale. The only thing that can give them that massive scale, and performance, is object storage.
Intel partner MinIO* specialises in the development of cloud-native object storage and is helping businesses to build private cloud infrastructure. "We've built an open source Amazon* S3 compatible distributed object storage system that can be deployed on standard Intel® Xeon® servers and turn them into a very large scale data infrastructure," said AB Periasamy, CEO and Co-Founder at MinIO. "Today, we are already the most widely adopted object storage in the private cloud."
Purpose-built for the private cloud, MinIO is particularly relevant for businesses that are modernising their traditional IT infrastructure and demand cloud-native attributes like RESTful APIs, micro-services, containers and orchestration. By loading its software onto an Intel Xeon server, MinIO is able to offer the Amazon* S3 capability to the private cloud environment – this service is also valuable in the public cloud and MinIO delivers it on premise. Overall, MinIO is offering cloud infrastructure comparable to that used by tech giants such as Google* and Facebook*.
MinIO has grown by a staggering 300% over the past 18 months in terms of the number of enterprises that have deployed its technology. The Silicon Valley-based company focuses on large scale publicly-traded organisations across a wide range of sectors, including the financial industry. In fact, 13 of the 15 largest banks in Europe already run MinIO, along with 12 of the 15 largest banks in the US.