Friday, June 19, 2009

HP UNVEILS TOOLS TO HELP FIRMS RUN IT LIKE A BUSINESS

Nivedita Mookerji, Las Vegas
DNA

The new mantra in the corporate world is that information technology (IT) should be run like a business rather than an isolated function in an organisation. The ongoing economic downturn and the thrust on cutting IT spend across companies have perhaps triggered the change in mindset.

Leading the change is the largest technology company in the world, HP. At its annual meet in Las Vegas (Nevada, US), HP announced the launch of new offerings in its IT Financial Management (ITFM) portfolio that is expected to help chief information officers (CIOs) run IT like a business.

Project and portfolio management (PPM), financial planning and analysis (FPA) and configuration management systems are among the key new products within the ITFM portfolio.

"Not only are organisations looking to lower costs in a challenging business environment, they also need a better understanding of how to prioritise IT projects," said Brian Spring, head of solution marketing, HP Software and Solutions, Asia Pacific and Japan, during the HP Software Universe conference.

The new solutions from the HP stable are likely to enable customers establish financial transparency and take action to optimise costs. According to company officials, the new offerings would also improve the discipline of IT financial management.

(The writer was in Nevada at the invitation of HP)

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