HP delivers solutions to change economic tech
Monday, 23 March 2009
FE Report
HP, the world's largest technology company has announced new products, solutions and services that enable business organizations to address the short-term cost reductions required by today's challenging economy, while laying the groundwork to exit the downturn stronger and more competitive.
Economic downturns can more than double the likelihood that a business significantly changes its industry ranking, and those that make it into the top quartile during a downturn typically sustain their market premium for an average of three years, said a press release.
Technology plays a major role in determining an organization's success before, during and after a downturn. In a 2007 survey, 99 percent of chief executive officers said technology is integral to the success of their companies.
Additionally, in a new study conducted across Americas, Asia Pacific, and Europe and Middle East, 48 percent of respondents from Asia Pacific indicated they see the current economic climate as an opportunity to restructure their technology environments for the future.
"Winning CIOs are focused on both strategic cost reductions and supporting long-term business growth," said Jim Wagstaff, vice president and general manager, StorageWorks Division, HP Asia Pacific and Japan.
HP, the world's largest technology company has announced new products, solutions and services that enable business organizations to address the short-term cost reductions required by today's challenging economy, while laying the groundwork to exit the downturn stronger and more competitive.
Economic downturns can more than double the likelihood that a business significantly changes its industry ranking, and those that make it into the top quartile during a downturn typically sustain their market premium for an average of three years, said a press release.
Technology plays a major role in determining an organization's success before, during and after a downturn. In a 2007 survey, 99 percent of chief executive officers said technology is integral to the success of their companies.
Additionally, in a new study conducted across Americas, Asia Pacific, and Europe and Middle East, 48 percent of respondents from Asia Pacific indicated they see the current economic climate as an opportunity to restructure their technology environments for the future.
"Winning CIOs are focused on both strategic cost reductions and supporting long-term business growth," said Jim Wagstaff, vice president and general manager, StorageWorks Division, HP Asia Pacific and Japan.