Kuwait Finance Houses (KFH) AGM for IT Sector Waleed Al-Hassawi announced that the IT Sector is using the Virtualization technology it possess, which is considered to be one of the most advanced technology application in the world, and noted that KFH is rendered to be one of the pioneer institutions in the region that adopts and implements this technology, revealing the advanced technology that KFH possesses in the field of standardizing computer servers. He went that the Virtualization technology depends on operating several information systems using a Virtual Machine, while using resources as required only by the systems. He explained that the system depends on separating the operating system from the computer of the user, and mentioned that the service allows servers to be more efficient, in addition to limiting the down time of the system.
Moreover, he said that using the new technology boosted the efficiency and speed of KFH’s technology systems, not to mention allowing the IT Sector to meet the requirements of the bank’s expansion by ideally using human resources IT technology, such as servers for data bases and programs, while improving the performance of the systems at KFH Data Centers. He went on to say that the IT Sector conducted technical and economic feasibility studies about the Virtualization that is available at major service providers of this type of technology in the world, and the study revealed that v.Sphere 4.0 system from VMware Inc is the best and most suitable because it meets the requirements of KFH.
Furthermore, he remarked that the world is now inclined to reduce the number of servers used at data centers, which directly results in increasing the profit through decreasing capital and operational expenses, allowing for more focus on creative and development tasks in the IT sector, not to mention minimizing power consumption.
Concerning KFH’s future plans regarding Virtualization, he stated that the IT Sector and VMware Inc are about to finish a work plan for the second phase, which will focus on executing SRM program that protects data centers from unexpected breakdown and natural disasters. He added that that system is the only one in the world, and that it will allow KFH to transfer all operations from the main data center to the substitute data center in a short time, in order to restore the operational ability of the data center.