Spice Money: Green Infrastructure at the Core
Spice Money is a rural fintech company. It leverages IT in a big way and is constantly searching for and adopting Green IT solutions. It prioritizes environmental responsibility alongside cost savings.
INFRASTRUCTURE EFFICIENCY
Spice Money has made significant strides in enhancing hardware efficiency by focusing on ENERGY STAR-rated equipment when selecting servers, storage, and networking devices. This careful procurement ensures that the technology they use is energy-efficient. Additionally, the company has implemented server consolidation, allowing multiple virtual machines to run on a single physical server, which significantly reduces overall power consumption.
In terms of software and power management, Spice Money has optimized its workloads to use fewer servers, consolidating underutilized ones to lower energy draw. The data center’s energy consumption is closely monitored, and corrective actions are taken as needed to maintain efficiency.
Varundeep Kaur, CIO at Spice Money, says: “Spice Money’s data center and cloud initiatives further underscore our commitment to sustainability. The data center operates in a tier 4 facility, utilizing 60% renewable energy. This LEED-certified building aims for carbon neutrality by 2030. Moreover, our data warehouse workloads are hosted on energy-efficient and environmentally friendly cloud services, contributing to our overall green IT strategy.”
ELECTRONIC WASTE MANAGEMENT
This story is from the July 2024 edition of Banking Frontiers.
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This story is from the July 2024 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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