Daiwa partners with IBM for disaster management

Daiwa Capital Markets India has striked an agreement with IBM to leverage IBMs Work Area Recovery (WAR) solution for Disaster Recovery and Business Continuity. The new IT set-up deployed at Daiwa would act as an alternate back-up site from where business operations could resume and function even during disruptions that may arise due to unforeseen circumstances.

This unique proposition from IBM will add value to Daiwa's overall business strategy by employing rigorous health and safety standards along with best practices from IBM that offers fit-outs and IT equipment as a service. IBM will be managing Daiwa's disaster recovery project while conducting periodic disaster recovery drills with the company to ensure compliance to internal as well as regulatory norms.

Sammeer Saurabbh, executive director — IT, Daiwa Capital Markets said, “In the highly competitive capital markets sector, where our business is dependent on our ability to process larger number of financial transactions continuously to meet Service Level Agreements (SLAs) as well as cater to sudden spikes in trading, any unplanned downtime can mean significant financial losses, besides important intangibles like loss of reputation and damage to brand value." He added, "We did not want to invest in building an alternate work area and keep it unused till disaster strikes. Choosing IBM's infrastructure recovery services not only ensures an alternate work environment to minimize loss of employee productivity and meets our implicit need for continuous operations, but also helps in increasing our risk tolerance while giving us the flexibility to deal with our mission-critical operations”.