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| Balancing Risk and Reliability: Keyitec's Role in Isaac's Success Story | ||||||||||||||||||||
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Regulatory data migration is an essential yet challenging task for financial institutions. Whether it involves adopting systems to comply with Anti-Money Laundering (AML) or Know Your Customer (KYC) regulations or transitioning data to meet Basel III standards, these migrations ensure that banks align with ever-evolving regulatory frameworks. However, such data migrations come with risks, especially when paired with technical failures like UPS battery outages. Studies show that power issues cause 33% of data center outages, and 55% of UPS failures stem from battery problems . Such technical failures can lead to severe compliance failures, data corruption, or even financial penalties. Isaac, a senior IT Manager at a leading NYC bank faced a severe setback during one such critical migration. Read on to know how he leveraged innovative battery management solutions to help mitigate future risks.  Balancing Risk and Reliability: Isaac's Plan for Data Migration Success Isaac worked as the senior IT manager at a respectable and popular bank in New York City. He was well aware of data migration processes, having successfully handled many in the past. He knew that a seamless data migration required meticulous planning and thorough safeguards. Before the migration process started, he had conducted multiple rounds of stress tests on the UPS to simulate various failure scenarios. Each test had helped him refine the system's resilience and identify potential vulnerabilities. Before the migration process started, he had conducted multiple rounds of stress tests on the UPS to simulate various failure scenarios. Each test had helped him refine the system's resilience and identify potential vulnerabilities. To ensure continuity, Isaac had set up redundant power sources that included backup generators and secondary UPS systems. He had scheduled preventative maintenance for the UPS batteries, to confirm their health and performance under load. Given the bank's rigorous battery replacement schedule, with new batteries installed every four years, Isaac and his team had performed thorough manual checks to confirm the system's reliability. Despite these preparations, Isaac had not fully accounted for one critical factor: the fragility of aging UPS batteries under prolonged high-load conditions. While the system appeared robust on paper, the real-time stress tests hadn't been as exhaustive as needed, leaving a gap in his otherwise meticulous planning. The Limitations of Manual Monitoring and the emotional toll on Isaac However, things went wrong real fast, despite preventive measures adopted by Isaac's team. During the migration, the UPS system was activated to manage a brief power fluctuation; it failed under sustained stress. Before the team could have reacted, a catastrophic chain reaction had taken place and disrupted the migration, leading to incomplete data transfers and exposing the bank to potential regulatory penalties. Before the team could have reacted, a catastrophic chain reaction had taken place and disrupted the migration, leading to incomplete data transfers and exposing the bank to potential regulatory penalties. The consequences were immediate and dire. The migration was time-sensitive, driven by compliance deadlines for frameworks like AML, and Basel III. The UPS failure-induced downtime which posed serious consequences. First, partially migrated data risked corruption, putting compliance with KYC standards in jeopardy. Secondly, it caused project delays, resulting in significant financial and reputational damage for the bank. For Isaac and his team, the emotional strain was even greater. His years of experience were questioned and indirectly the management held the IT Department responsible for this disaster. Frustrated but determined, Isaac decided to dig deeper into the issue to uncover the root cause. Although it was too late to prevent the current disaster, understanding the problem could help him avoid similar failures in the future. Upon closer inspection, he discovered that a number of batteries were overworked while others remained idle. The aging batteries in the UPS system was a critical weak point, causing uneven load distribution as some units were forced to handle more strain than others. Upon closer inspection, he discovered that a number of batteries were overworked while others remained idle. The aging batteries in the UPS system was a critical weak point, causing uneven load distribution as some units were forced to handle more strain than others. This imbalance had not only accelerated wear but also led to temperature fluctuations within the system. Without real-time monitoring, these overheating issues had gone undetected, further compromising the reliability of the power infrastructure. Their practice of simply replacing the batteries every four years and performing occasional manual checks had failed to identify hidden issues. This lack of insight had left them blind to the impending failure until it was too late. Isaac realized what they needed was a real timemonitoring system to prevent disasters in future. Optimizing UPS Systems Through Load Balancing In the face of this crisis, Isaac reached out to his industry allies from where he got to know about Keyitec, a company known for its expertise in battery monitoring and management.  Isaac connected with Keyitec and learned that they offer real-time insights into the health and performance of each UPS battery, whether it's a new model or an older one. It meant, with Keyitec in place, Isaac would be able to quickly identify inefficiencies and imbalances that could lead to failures. Once implemented, Keyitec ran an assessment on the system and highlighted the issues with the aging battery which accelerated the imbalance in load distribution. By helping in actively monitoring and balancing voltages, it prevented newer batteries from overcompensating for older ones, ensuring the entire system operated at peak performance. Alongside active monitoring, Keyitec's system also offers the following for the high-stake banking environment.
Once Keyitec’s system was implemented, Isaac and his team could optimize load distribution across the UPS batteries, reducing strain and preventing future disruptions. This extended battery lifespan saved the bank significantly on replacement costs and downtime. The Importance of the Right Tools in Data Migration Isaac's journey is a reminder that even the most well-prepared plans can falter without the right tools. Reliance on manual checks and routine replacements was insufficient for the high-stress demands of regulatory data migration for the bank. With Keyitec, Isaac and his team received a comprehensive battery management solution offering real-time updates on battery health, active monitoring and correction to detect and resolve issues, impedance management to reduce degradation, and remote monitoring with dashboards for continuous battery performance insights. With Keyitec, Isaac and his team received a comprehensive battery management solution offering real-time updates on battery health, active monitoring and correction to detect and resolve issues, impedance management to reduce degradation, and remote monitoring with dashboards for continuous battery performance insights. For high-stakes migrations in financial institutions, ensuring uninterrupted operations and regulatory compliance are crucial, and simple manual checks often fall short to detect the anomalies on time. Don't let UPS failures jeopardize your regulatory data migrations like Isaac's. Implement Keyitec's battery management solution. Powered by MarketEngine from StartupWind
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