Business Impact Modelling Brings Savings
27 March 2002
Business Impact Modelling Brings Substantial Savings Even Before Businesses Invest On A Project
Business impact modelling (BIM) can bring millions of dollars in savings even before a company invest in an IT project, according to a survey conducted by Teradata, a division of NCR Corporation (NYSE: NCR).
The survey, which polled 233 businesses worldwide, showed that a BIM assessment could deliver substantial improvement on a company¡¦s ROI (return on investment).
BIM is a process designed to provide an objective evaluation of a company¡¦s goals when investing in a data warehousing, Customer Relationship Management (CRM) and other related initiatives. It helps CEOs, CFOs and other key decision makers to understand the cost of a project compared with other business opportunities.
¡§ BIM is a vital tool and part of our solutions offering that comes in the early stages of any engagement. It helps us and our clients see whether a particular IT project will be worth the investment or not. And once we¡¦ve determined the level of ROI, Teradata is committed to work will all our clients in achieving those business objectives,¡¨ said Julian Beavis, vice president of Teradata for Australia and New Zealand.
Beavis added, ¡§this is critical given this tight economic environment where businesses have to be selective in their investments. Businesses have to be certain that every investment they get into will deliver and boost the bottom line.¡¨
The survey also showed that various industries could generate increased internal rate of return (IRR) using BIM. For example, retailers can increase IRR by as much as 335 per cent, financial services companies by 277 per cent, telecommunications companies by 147 per cent and travel companies by as much as 517 per cent.
About Teradata Division
Teradata, a division of NCR Corporation, offers powerful analytical solutions that help businesses drive growth. Teradata solutions include the Teradata database, and analytical applications for customer relationship management, operations and financial management, business performance management and e-business. To learn more about Teradata Division and its solutions, go to http://www.Teradata.com.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in providing Relationship Technology„§ solutions to customers worldwide. NCR¡¦s Relationship Technology solutions include the Teradata„¥ database and analytical applications such as customer relationship management (CRM) and demand chain management, store automation systems and automated teller machines (ATMs). The company¡¦s business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 32,900 in more than 100 countries, and is a component stock of the Standard & Poor¡¦s 500 Index. More information about NCR and its solutions may be found at www.ncr.com.