Data is one of the most important assets in our bank. We have invested heavily in data collection and analysis. We monetize our data by gaining insights, making informed decisions, creating personalized products and services, and driving innovation. We deal with a massive amount of data every day, including transaction records, customer information, and financial reports. Optimized storage solutions enable banks to manage data efficiently, reducing data silos and improving data accessibility. Storing the data in the right storage is essential to get most value out of the data.
In SC, we store our data in enterprise class storage arrays in our GDCE, GDCW and CDC data centres. On-prem Storage cost is one of the highest in the core infrastructure spending. Using the data in right storage types based on data classification is vital for both cost, compliance, DR, and performance.
Cost savings: With optimized storage solutions, we can avoid the expense of purchasing new storage devices and hardware upgrades, as well as reduce energy and maintenance costs. By streamlining their storage infrastructure, we can save money and invest more in other areas of the business.
Compliance: We must comply with strict regulations and policies, and data storage plays a significant role in meeting these requirements. Optimized storage solutions can help us ensure that data is secure and that regulatory requirements are met.
Disaster recovery: Our need to ensure that their critical data is backed up and easily recoverable in the event of a disaster. By implementing optimized storage solutions, banks can ensure that they have an efficient disaster recovery plan in place.
Improved performance: With optimized storage solutions, our bank can improve the performance of our applications and systems, leading to increased productivity and faster response times. This can lead to a better customer experience and increased revenue.
Data Governance: Make better, more timely decisions: Users throughout our organization get the data they need to reach and service customers, design, and improve products and services, and seize opportunities for new revenues.
Earn greater trust from customers and suppliers: By being in auditable compliance with both internal and external data policies, we gain the trust of customers and partners that you will protect their sensitive information, so they feel positive about doing business with us.
Manage risk more easily: With strong governance, we can allay concerns about exposure of sensitive data to individuals or systems who lack proper authorization, security breaches from malicious outsiders, or even insiders accessing data they do not have the right to see. 
Tech Solution we are looking for:
We are looking for an Infra layer tool that can identify the type of data and relocate transparently based on below criteria leaving the stub so file can be tracked and retrieved
1. Age of file (Custom definable)
2. Type of file (Personal data vs customer data/business data)
3. File type
Tool retains all transaction to meet audit need and it produces the reports we need. It should support the data in block, file & object storage. It supports REST/ S3 API to move/retrieve data to/from object storage transparently.