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Operational resilience is an increasing area of focus and scrutiny for regulators of the banking and financial services industry. In the European Union, the Digital Operational Resilience Act (DORA) looms on the near horizon - with equivalent regulatory frameworks slowly but surely rolling out across the globe.
While some businesses operate entirely in the cloud, some still have IT infrastructure they need to house. Others are moving from solely cloud environments to a colocation model. From air conditioning systems to networking facilities, there is a lot that goes into looking after IT infrastructure.
As businesses continue to expand their digital footprints, the demand for efficient and secure data management solutions has never been greater. Colocation, the practice of housing servers and IT infrastructure in third-party data centres, has emerged as an attractive option for enterprises seeking enhanced scalability, reliability, and cost-effectiveness. However, before making a decision on colocation, it is vital to carefully assess the financial aspects associated with this service.