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Data Resiliency

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Submitted By baguya
Words 1997
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Data Resiliency

Abstract
This document examines the business use of mainframe, distributed computing, and has a focus on the financial industry and the challenges over that period. The main research consisted of online documentation with an emphasis on the mainframes and IBM. Data breaches against financial institutions occurred since the inception of computers. Additionally, challenges exist such that security approaches vary wildly, are subject to geographical limitations, and suffer from a lack of information sharing.

The early adopters of computers originated in the financial, pharmaceutical, and insurance industries with most of the early adopters from finance and banking. The ability to crunch and act upon large volumes of data at a fraction of manual efforts were a huge driver in their adoption. Prior to the advent of a single computing entity, these industries used centralized computing to run applications, handle large amounts of data, perform financial tasks, print reports, and manage calculations. “Most consider the mainframe’s birth to coincide with the April 7, 1964, announcement of the IBM System/ 360 line of computers.” (Higgin, 2012). With the introduction by International Business Machines' (IBM) mainframe computers came a centralized computing model that performed the already mentioned tasks as an all-in-one computer. This mainframe computer truly represented centralized computing. Along with the announcement came a reasonable price for corporations to acquire a computer. Moreover, the price point was so good, departments within corporations were able to purchase, own, and use this new mainframe computer. Business was good. Now there was time to do other things because computers were able to perform tasks in a fraction of the time the same tasks took prior to computers. Jobs were created. Research and development flourished. Engineers

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