In my last post which focused on outsourcing, I highlighted the cost savings that can result from financial institutions implementing proper outsourcing practices. Virtualization is another technology that allows financial institutions to save not only money, but precious IT hours while helping an institution become more agile and employees more productive.
Virtualization benefits include:
In today's economic climate any new technology proposal has to be able to prove its return right out of the gate, and virtualization has the potential to do this right away. Recent research indicates that 90 percent of enterprises report “real and measurable ROI” from virtualization in general.
And as banks try to balance the challenge of doing more with less resources while restoring customer confidence, virtualization can play an important role when implemented and managed efficiently. Institutions can benefit from fewer capital expenditures and lower energy costs even as the amount of information that needs to be stored and managed continues to grow. Also, institutions are retaining and acquiring customers through improved security and a faster response to changing market conditions.
This should make for a compelling argument to many banking executive in today’s challenging environment.