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The digital age has changed howfinancialservices operate, pushing the industry to stay tech-savvy just to keep up.
Yet, this tech-driven shift isnt without its issues.
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One major obstacle is performance and latency issues.
Another challenge is meeting regulatory demands.
Compliance with regulations like Europes Digital Operational Resilience Act (DORA) is both tricky and costly.
Finally, sustainability pressures are becoming increasingly prominent.
So, what are photonic networks?
Simply put, photonics is about using light - specifically photons - to transmit data.
Faster speeds, more data capacity, and far less energy consumption.
All-photonic networks send data as light without converting it back and forth between electrical signals.
Thats a huge plus for financial firms that need every edge to stay competitive in their markets.
Staying compliant with rules like DORA isnt easy; it requires institutions to be highly resilient and flexible.
Photonic networks can help meet these demands by enabling real-time data oversight and faster data replication.
This means better disaster recovery capabilities and more robust backup strategies.
Photonic networks offer a solution, using light for data transmission and avoiding the energy-hungry electronic conversion steps.
Embracing photonic networks can help financial firms address todays issues while unlocking opportunities for innovation down the road.
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The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc.
