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Management Strategies

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Cost-Reduction Solutions

EDS (Plano, Texas) launched a family of IT cost reduction solutions to help financial services firms identify areas of cost reduction and implement programs that can help create both short- and long-term sustainable cost savings. The solutions, according to EDS, are designed to drive down the cost of running technology operations in four areas: infrastructure, legacy application replacement and re-platforming, application development, and enterprise integration and IT optimization. As part of the solution, EDS says it applies a framework to each client's specific busines environment in order to identify which initiatives need to be adopted by the business and IT functions, in which order, and across what kinds of timeframes.

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