The fact is that these costs are high because the bulk of the development and application maintenance challenge are dependent on the coding by teams of developers.
Time Travel changes this situation completely. It enables the reporting and complexity of trading nuances to be addressed with a new level of simplicity.
The standard end of day report which normally requires a huge amount of data to be stored and processed - to accurately reflect trade corrections and updates and late delivery of information - is now a thing of the past. Time Travel autonomously captures and manages data such that the production of the end of day client report requires no more than a relatively straightforward SQL query to be executed at whatever points in time the institution specifies.
This is bad news for the teams of developers enjoying the lucrative challenge of complex coding !
The normal approach for solutions providing compliance and end of day reporting involves complex, resource intensive solution development. This is because tackling the challenges of data in the context of time puts developers in the weeds of coding. The ideal alternative, which is now a reality, is to insulate the developer from this through an infrastructure which autonomously generates the code which would otherwise have to be written.
The ideal situation for a developer is to work at a level where the main focus is on the business logic. The value of focusing on business logic is that it delivers improvements to competitive advantage and intellectual property. By elevating the developer out of the weeds of "technical challenges", the developer is now able to best maximise their talents in the areas which add most business value.