The Economic Climate Influences Technology Spending
One of the challenges of the post-dot-com bubble era that many organizations are facing is being asked to deliver more with little or no budget increase in order to improve the bottom line. You may find yourself looking for new ways to reduce technology costs, while at the same time supporting new applications and improving productivity.
In addition, in the wake of the recent corporate accounting scandals, new regulations have been put into place to enhance corporate responsibility, improve financial disclosures, and combat corporate accounting fraud. The Sarbanes-Oxley Act mandates that companies improve the overall control of the management and reporting of corporate financial information, and places the responsibility for implementing these controls
on the CEO and senior management. This in turn places new demands on the IT organization.
So, how are you able to cut costs, while at the same time improve the overall view of critical business information? How can you use your data to target opportunities, track performance, improve decision making, gain competitive edge, increase profits, and provide better financial reporting?
Consolidation
One answer may be through consolidation. Many companies are streamlining their operations by consolidating their hardware, their information, and their business practices and applications into a smaller number of centralized systems. Simplicity can then be achieved through one common infra-structure. The ability to pull together data from each part of the company provides a complete enterprise view. The data warehouse plays a critical role in this consolidation.