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‘Doing more with less’:

Call to maximise IT storage use

Doing more with less, increasing business demands, growing complexity, staffing and explosion of new data requirements are the challenges of Information Technology in the current economic situation, Director Solutions and Product Group Hitachi Data Systems, Vivek Venogopal told the launch of the Financial Services Industry Summit at the WTC Colombo on Tuesday. He was making a presentation on Winning in the Downturn, Service oriented storage solutions.

He said that currently a large scale of resources are wasted in companies because of low utilization of storage. It has been revealed that the usage of this facility is only 20-30 percent at present and the biggest area of inefficiency in organizations is the poor usage of storage. Therefore, companies have to make tough decisions because it gives the economic value to the services in the financial sector at the end of the day.

Venogopal said that it is necessary to change the way companies look at storage costs as $ per capacity is no longer meaningful.

Vice President and General Manager for ASEAN, Hitachi Data Systems, Ravi Rajendran said that financial services providers are in a crisis and are fighting for survival. However, even with budgets being cut, IT management must continue to leverage technology to manage compliance and regulatory needs. Therefore, Hitachi Data Systems helps their customers to do more with less, and partners them to help win in the downturn.

Assistant General Manager, Just in time Holdings (Pvt) Ltd, Manori Unambuwe said that as Sri Lankan businesses become more integrated into the global economy, their storage needs have become increasingly more sophisticated and that is why the company has partnered with Hitachi Data Systems.

The combination of JITs deep local knowledge together with Hitachi Data Systems award winning solutions will help Sri Lanka’s business reap significant business results from technology deployment, she said. Hitachi Data Systems, a wholly-owned subsidiary of Hitachi Ltd is the only provider of Services Oriented Storage Solutions.

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Importance of data storage

* In a survey conducted by Hitachi Data Systems in November 2008, 88 percent of CIOs confirmed that the phenomenal growth of data makes storage a top priority in enterprises even in the wake of the current financial crisis.

* Technology heads taking part in the survey from across Asia Pacific unanimously agreed that IT is embedded closely in all business operations, which makes leveraging IT efficiently a critical task. On the topic of storage solutions spent amidst the turmoil in the money markets, 57 percent of the CIOs stated that they would not reduce their storage investments.

* Managing costs (69 percent) and allocation of storage resources (52 percent) are the most critical tasks to be achieved in the uncertain economic climate, while a centralized approach to business is the single-most important factor that defines business success according to technology decision-makers.

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