In New Delhi: HP Financial Solution Analysis claims to develop data for chief financial officers (CFOs) and chief information officers (CIOs) to use in evaluating the merits of competing IT investment approaches and methodologies. To accomplish this, the solution analyses the full spectrum of costs related to a clients IT investment, including expenses for hardware, software, maintenance, training, energy (power and cooling), applications development, downtime and end-of-life disposition.
Organizations need to remove the guesswork from how their capital dollars can be most effectively invested, said Arindam Chandra, Country Manager, HP Financial Services, HP India. Working with HP, clients gain valuable insights into refocusing IT investments to support innovation and business growth, versus investing in the operations of an aging infrastructure.
For enterprise clients, HP Financial Solution Analysis claims to offer a dive into their companys existing infrastructure. This includes cataloguing the quantity and type of in-place IT assets, evaluating the remaining book value, identifying internal IT users and their needs, as well as benchmarking IT-related expenses. Through this solution organizations can find ways to reclaim funds that are trapped in operations and shift resources and expense from operations to innovation.
IT investment is a major piece of most enterprise companies budgets, said David Mitchell, senior vice president for IT Research at Ovum, a leading global technology research firm. Identifying hidden costs and false economies associated with maintaining older IT equipment can help CFOs and CIOs prioritize competing demands for capital. For example, while companies usually fund IT acquisition from a centralized source, ongoing costs power and cooling costs, maintenance, software updates, among others are decentralised and typically never seen at the corporate level.
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