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Research Paper | Information Technology | India | Volume 9 Issue 8, August 2020 | Popularity: 3.2 / 10
Impact of Data Replication on System Performance and Scalability in Fintech
Abhilash Katari
Abstract: In the fast-paced world of financial technology (Fintech), ensuring data availability and reliability is paramount. Data replication, the process of storing data in multiple locations, is a common strategy to achieve these goals. However, while replication enhances data accessibility and fault tolerance, it can also pose challenges to system performance and scalability. This paper explores the dual impact of data replication in Fintech applications, where speed and accuracy are critical. Firstly, we delve into the positive aspects of data replication, such as improved data redundancy and disaster recovery capabilities. By having multiple copies of data, Fintech systems can quickly recover from failures, ensuring uninterrupted service to users. Additionally, replication can enhance data access speeds for users in different geographical locations, contributing to a better user experience. However, the benefits come with trade-offs. Data replication can introduce significant latency and increase the complexity of data management. Maintaining consistency across replicated databases can be resource-intensive, leading to potential performance bottlenecks. As the volume of transactions grows, the overhead associated with synchronization and conflict resolution can hinder system scalability. To address these challenges, we propose several mitigation strategies. Techniques such as asynchronous replication can reduce latency by decoupling write operations from read operations. Implementing intelligent data partitioning and sharding can distribute the load more evenly across the system, enhancing scalability. Additionally, leveraging advanced conflict resolution algorithms and employing a hybrid replication approach can balance consistency and performance.
Keywords: Data replication, system performance, scalability, Fintech, data availability, data reliability, replication strategies, performance optimization, scalability challenges, financial applications
Edition: Volume 9 Issue 8, August 2020
Pages: 1585 - 1590
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