Financial services firms are turning to Business Spend Management (BSM) as a Strategic Solution
Beset by competitors and burdened by ever-shifting regulatory requirements, financial services firms are turning to cloud-based technology to gain better control over—and visibility into—spending. In the process, they are becoming fiercer competitors.
Download this ebook for insights into how you can improve your organization's financial health and how:
A cloud complete-BSM solution can track and measure all purchasing activities, identifying patterns that provide opportunities for negotiating discounts, and better managing risk
To increase savings across source-to-contract, procure-to-pay, travel & expense management, as well as risk and supplier management
Modern technology enables the finance function to take cost-management to a deeper level—without investing in IT infrastructure
Tired of year after year of healthcare cost increases, Steel Dynamics decided to fight back. They partnered with Castlight Health, a cloud-based provider of healthcare management services. Castlight Health’s health benefits platform armed employees with buying information — when and how they needed it. As a result, Steel Dynamics cut healthcare spending by approximately $500,000 in their first year with Castlight Health.
To meet the challenges of managing such a complex environment, IT teams need an enterprise-ready cloud management platform that can support multivendor environments, automate application and service delivery, and facilitate operations and governance. VMware provides an enterprise-ready cloud management platform that delivers the industry’s most complete solution for managing a heterogeneous, hybrid cloud, and supports cloud management requirements across Day 1 and Day 2 operations for compute, storage, network and application level resources. The VMware solution is in use today across a wide range of industries and use cases, delivering benefits such as faster provisioning, optimized IT operations, and lower capital spending.
To learn more about the VMware cloud management platform, visit http://www.vmware.com/virtualization/ cloud-management.
Published By: Carbonite
Published Date: Jan 04, 2018
These days, a lot of organizations are looking to the cloud to help them protect their data. They wish to take advantage of the appealing economics and operational agility that are two of the biggest attributes of a cloud-based IT infrastructure.
Leveraging the cloud can be a smart choice for any organization interested in gaining more control over costs (i.e., almost all organizations). According to ESG research, reducing costs was the second most commonly reported business driver affecting IT spending in 2016.
Published By: Carbonite
Published Date: Oct 10, 2018
These days, a lot of organizations are looking to the cloud to help them protect their data. They wish to take advantage of
the appealing economics and operational agility that are two of the biggest attributes of a cloud-based IT infrastructure.
Leveraging the cloud can be a smart choice for any organization interested in gaining more control over costs (i.e., almost
all organizations). According to ESG research, reducing costs was the second most commonly reported business driver
affecting IT spending in 2016
With the rate of cloud spending predicted to outpace overall IT spending six to one over the next few years, organizations are rightly concerned about ensuring that applications in the cloud enjoy the same level of security as apps deployed in data centers. Using the public cloud does alter your attack surface area—and leveraging multiple public and private clouds (aka multi-cloud) does so even more. Some threats get bigger, some get smaller. Some even go away, or at least drift out of your control, while new threats should move front and center in your security thinking.
The broad shift from on-premises to cloud deployments has begun, and spending on cloud business analytics will grow five times faster than similar on-premises solutions. Read the white paper to learn some of drivers and the roadblocks of cloud-based business analytics solution deployments, and the offerings from SAP in this market.
Most organizations use public cloud to reduce costs, but end up spending way more than they expected.
Google Cloud Platform is growing at a staggering rate for the business benefits and its rich features around Machine Learning, Artificial Intelligence, Big Data and Containers. However, it’s important to keep a tab on your spend while maximizing your cloud benefits.
Reducing spend in GCP doesn’t need to be a process of trial and error -- there are proven ways to save money in your GCP environment without negatively impacting desired outcomes.
Read this eBook to learn the 8 different ways to reduce your spend, including:
-Terminating Zombie Assets
-Deleting Unattached Persistent Disk
-Rightsizing Compute Engine VMs
Download to learn and practice these techniques to reduce spend in GCP.
Published By: Datastax
Published Date: May 15, 2017
Companies are in a race to set themselves apart from the competition in a meaningful way. Pre-Internet and pre-cloud, beating the competition meant out-advertising them, out-spending them, out-maneuvering them, or getting to a certain demographic before they did.
Today – it means using data to connect with the customer on a meaningful level. Connection breeds loyalty, which breeds recurring revenue. A huge marketing or advertising budget won’t help you much if you’re not able to connect with your customer IN THE MOMENT – to capitalize on what the customer is doing right now.
The rise of virtualization as a business tool has dramatically enhanced server and primary storage utilization. By
allowing multiple operating systems and applications to run on a single physical server, organizations can significantly
lower their hardware costs and take advantage of efficiency and agility improvements as more and more
tasks become automated. This also alleviates the pain of fragmented IT ecosystems and incompatible data silos.
Currently, this virtualization juggernaut shows no sign of slowing. As businesses recognize the potential for
increased reliability and scalability offered by virtual technology, they are ramping up their investments in data
center modernization and upgrading. In fact, 33 percent of the respondents to a recent ESG survey on cloud
usage said that making greater use of server virtualization was one of their top five spending priorities for the
next 12 to 18 months.
Cloud-based systems reduce the effort needed for ongoing support, cloud users are able to devote a higher percentage of their IT spending to new initiatives. The cost savings, combined with strategic benefits in speed, scalability, and agility, argue in favor of organizations moving aggressively to the cloud.
As organizations go through major business and technology changes, they will increasingly depend on digital platforms to deliver products and services. More than half of the organizations we spoke with said they would increase spending with their primary hosting and cloud service provider (CSP) in 2017, and individual quarterly plans for hosting and cloud services suggest that the growth in spending will be persistent.
Worldwide spending on public cloud services is set to reach USD 122.5 billion in 2017, an increase of 24.4 percent over 20161. In fact, the compound annual growth rate (CAGR) of spending on public cloud services is almost seven times that of overall IT spending growth and IDC predicts that by 2020, it will top USD 203.4 billion worldwide2. The size of the opportunity for cloud service providers (CSPs) is huge but fierce competition, accelerating innovation and the need to keep prices low continue to create enormous pressure.
This paper outlines some of the primary challenges faced by CSPs in making and keeping their business profitable and suggests strategies and innovations that can help cloud businesses to take a greater share of the market opportunity.
If your company operates in the cloud, you’ve probably thought about investing in a Cloud Management Platform (CMP) — a group of integrated products that manage public, private, and hybrid cloud environments. That combination is what AHEAD calls an Enterprise Cloud. For an enterprise with a heavy private cloud emphasis, the right CMP can transform your VM provisioning, reducing a potentially weeks-long manual process to an automated one that finishes in a matter of minutes. And if you run one or more public clouds, the right CMP can help you take better control of your cloud services, manage your cloud spending, and architect your app platforms to run seamlessly in the cloud.
So Which CMP Will Work Best For You?
The first thing to consider is compatibility with your existing environment. For many enterprises, that’s going to put a premium on CMPs that integrate natively with VMware. For other businesses, compatibility with ServiceNow or support for multiple private and public clouds wi
As much as moving to the Cloud has been a hot trend over the past several years with Human Capital Management systems, in today’s world, financial management systems are not far behind. We’re starting to see the activity significantly ramp up within the financial management system space. So much so, that according to research done by Gartner, the Cloud is expected to become the dominant deployment model across all areas of financial management applications by 2025. Spending on cloud or SaaS-based applications will increase from 30% of the total market spend in 2015 to 47% by 2020.
So which financial systems are organizations shifting to the cloud model and why is this happening—aside from following the trend in HR?
Download now to learn more -
Cloud technology is quickly becoming the default at companies of all sizes. Nine out of ten companies have already moved at least some of their applications or computing infrastructure to the cloud or plan to do so in the next 12 months. IT spending reflects this trend, with the average investment in cloud rising nearly 36% from two years ago. What’s more, cloud adoption isg rowing across all delivery models, with examples of every kind of application and workload on every kind of platform, according to a recent IDG survey. The survey results represent the practices and opinions of 550 IT decision-makers whose organizations have either already adopted cloud technology or plan to do so within the next three years.
Use of cloud computing services continues to grow rapidly as organizations migrate business applications and data to cloud-based software, platform and infrastructure services. Gartner estimates 2017 will see growth of 18% in spending on public cloud services and that cloud adoption will infuence more than 50% of IT spending through 2020.
Deloitte Global predicts that by the end of 2022 more than half of all IT spending will go to IT-as-a-service providers. In the 2016 edition of this survey, 56% of the security professionals responding said limitations on access to collect incident response data and evidence for forensic analysis was a key challenge to securing the cloud. Sixty-two percent said they were concerned about unauthorized access by outsiders, and 59% said they worried about access by other cloud tenants. Of the 10% who reported being breached, half blamed stolen credentials or compromised accounts.
Published By: Windstream
Published Date: Apr 03, 2014
Done correctly, organizations should gain several advantages from server virtualization and cloud computing that will improve their overall ROI: less CAPEX spending, greater flexibility and scalability, more security options and overall savings.
Kaspersky Lab has created an eBook to help you calculate the true cost of protecting your business infrastructure, intelligence, and reputation. Download "IT Security by the Numbers: Calculating the Total Cost of Protection" to learn more.
Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.
At the time this definition was published, “cloud” was already part of industry parlance, and was beginning to take root in the general lexicon. Additionally, global business spending for infrastructure and services related to the cloud had topped $78 billion. This year, enterprise spending on the cloud will reach an estimated $174 billion, and is expected to climb to $235 billion by 2017.2 Inevitably, as both business IT and consumer mindsets evolve toward the cloud in coming years, we will continue to witness dramatic growth in IT products in some areas, and significant reductions in other areas—resulting in a reshaping of the industry as a whole.
CIOs and other senior IT leaders have a growing responsibility to ensure that the right steps for cost savings and optimization are understood and applied. This report focuses on the clear and practical steps you can take to optimize cloud spend and get the most value for your dollar.
Without the proper policies governing cloud usage, a shared infrastructure design, and without a comprehensive yet effective cloud service portfolio, your organization will end up spending more time and money fixing issues rather than delivering desired results to the business.
Published By: Internap
Published Date: Dec 02, 2014
As organizations aim to increase business agility and streamline
costs, demand for public cloud services continues to grow exponentially, with Gartner predicting it will become the majority
of new IT spending by 2016.
This evolving application ecosystem with its intensive performance
demands is placing new pressures on traditional public
cloud services. Amid this shift, Internap surveyed nearly 250 Internet infrastructure decision makers to gain insight into cloud
adoption, requirements and challenges – including the differences in feedback between the cloud-wise, those using cloud services, and the cloud-wary, those with no near-term plans to use cloud services. The details of these findings are reflected in this Cloud Landscape Report.
As companies’ transition to become digital enterprises, they must increasingly manage cost and performance across a hybrid IT environment. On-demand consumption strategies can be used to optimize your data storage costs, whether you are running applications in a private data center, across a hybrid cloud, or in the public cloud. Read this eBook and learn how on-demand consumption models can help you align IT spending with your business needs, both on-premises and in the cloud.