The companies then pay monthly bills for what they use, in the same way they pay for utilities such as electricity or water. In that model, companies leave all their computing needs to a third party rather than making huge investments in their own...
A report in Wall Street & Technology Online sheds interesting light on the way investment banks Merrill Lynch and Citibank Global Securities Services now apply ROI strategies to their technology investments.
Incumbent telecoms providers have been told to start falling into line with utilities companies as bandwidth and connectivity become commodity products, piped into customers' homes like gas and electricity.
In markets such as utilities, where the product is more or less homogeneous, buyers are obviously inclined to buy on price. Most of us have investments of one kind or another, including pension funds.
Andy Harper, head of information systems at United Utilities North West, said CIOs need to be able to demonstrate to the board the true value IT-enabled processes can deliver for an organisation. Andy Harper, head of IS, United Utilities NW
By way of graphic example, excel is limited to managing a very small fund with few investments or limited number of partners. All private equity firms require access to databases containing key and current information about investors, prospective...