Customer Stories
JPMorgan Chase & Co. (JPMC)

Powering Analytics, AI, and ML in Financial Services

When JPMC was looking for simplicity and the ability to easily scale without taking up massive amounts of rack units, it chose Pure Storage.

Summary

JPMC electronic trading services operates in 60 colos globally that are private network clouds, all interconnected with essentially a private network of clients and exchanges. For greater insights, JPMC is creating data lakes that gather more data to mine for more correlations. It is also using machine learning to look for anomalies in millions of lines of log files. All of this requires low latency, where time is measured in single digit nanoseconds. When JPMC switched to Pure Storage FlashBlade®, it saw a double-digit increase in time sensitive KDB+ data analytics performance. And with FlashBlade, the firm can combine production and development in the same chassis for more efficient capacity utilization.

Industry

Banking and Financial Services

GEO

North America

Use Cases

Accelerate Core Applications
Activate Real-time Analytics
Power Artificial Intelligence

Website

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Practical application of analytics, AI, and ML

Learn how financial service institutions, including JP Morgan Chase, leverage technology to support their analytics, AI and ML initiatives.

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Challenges

Data is doubling and tripling every single year, and to run AI/ML workloads, that data needs to be stored. In addition, to ensure it is hitting performance goals and surviving potential single points of failure, JPMC needs to inspect every transaction and build in redundancy. At the same time, JPMC has very sparse real estate and it's expensive, so the firm needs simplicity and the ability to easily scale without taking up massive rack space.

Results

Business Transformation

No one at JPMC needs a PhD to manage Pure’s storage
Speed of trades meet customer expectations
Smaller footprint allows JPMC to expand to meet data growth

IT Transformation

Efficient storage reduces rack space needed for 1.2PB to five rack units
15% to 20% uptick in performance for time sensitive KDB+ data analytics
Supports data lakes used for discovery and priming algorithms

“Pure is simple. It works. If we need to scale, we can scale. The simplicity and the robustness of it works well for us.”

Greg Johnston

Global Head of Electronic Trading Services, JPMC

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