Banks Simply Can’t Do Without UPS

Technological advancements over the last many decades has changed the world totally and these changes reflected in the society are irreplaceable. However, the essential requirement for the smooth functioning of the many facets of this changed world is steady and constant supply of power!

Failure to ensure a constant and continuous power supply will lead to the crumbling of services provided by businesses and governments. The Uninterrupted Power Supply (UPS) system assumes an important role in this regard. The various sectors which cannot do without the UPS are the finance sector, health industry, government and public organisations, retail distribution sector, data centres and emergency services.

How critical is UPS in the banking industry?

It is being seen that sufficient importance is not given to continuous power supply in many financial institutions and hence, most of them are at loss to take quick action in case of a power failure. The unseen costs of recovering lost or corrupted data caused due to break in the continuity of power or due to power surges are immense and this fact is yet to be ingrained into the minds of their administrative staff.

Power quality problems like spikes or power surges in the regular power supply also has great adverse effects on data and voice communications. A power surge occurring for a time period of just a few milliseconds can cause devastation to sophisticated electronic equipment like hard disks, servers and computer power supplies. Frequent occurrence of such irregularities can ultimately lead to failure of the sensitive and costly equipment.

Reasons for indifference to power continuity issues

Most of the banks or financial institutions place more emphasis on their online banking security more than the smooth running of their crucial financial systems in situations of power cuts. Sometimes, ignorance of the serious consequences of such power continuity issues also contribute to the indifference. There is a need for greater awareness among the administrative staff of banking sector about serious repercussions of power failure so that they can take preventive measures rather than resorting to remedial actions in case of such an eventuality.

Preventive Measures

The first step in preventive measures is to install UPS systems or examine the UPS systems already in place. It is essential for banks and financial institutions to have the latest models of UPS systems which provide for flexibility in capacity and runtime to take care of growth needs. Easy to install and upgradable UPS systems which fulfil the need for regulated power supply along with good efficiencies should be given first preference.

It is essential for banks to be aware of magnitude of loss of time and resources incurred in those seconds between power blackout and the start of stand-by generators. Financial organisations and banks with massive data centre operations cannot allow for such compromises in power supply. The UPS systems come into the picture at such times and take on the load till the time the generators are operational.

It is therefore extremely necessary to purchase and install secure power supply systems from those who are experienced in meeting the highly specific needs of the banking and financial sector.

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