> EMC Converged Platforms > Financial Services Companies Reap Benefits of Vblock Systems

Financial Services Companies Reap Benefits of Vblock Systems

White Paper Published By: EMC Converged Platforms
EMC Converged Platforms
Published:  Jan 27, 2016
Type:  White Paper
Length:  7 pages

In the spring of 2015, the IDC organized a study on the business value Vblock systems bring VCE customers.  The organizations that took part in this study ranged from 400 employees to 200,000 employees, with an average employee count of 27,113. These organizations represent a wide array of industries and countries.

The results of this study were published in the VCE-sponsored IDC white paper entitled, “The Business Value of VCE Vblock Systems: Leveraging Convergence to Drive Business Agility, May 2015”.

This report discusses the benefits reaped by participating financial services companies:

» Innovation: Tripled the percentage of IT staff time spent in business enablement (205%) and nearly tripled the percentage of budget dedicated to new initiatives (175%)

» Customer experience: Increased the percentage of fully functional business applications available to mobile users by 200%

» Agility: Sped up the time to market for new services by 77%

» Financial benefits: Achieved total annual business benefits of $1.2 million to $7.7 million ($956 per employee)

This report also identifies the challenges faced by financial services industry today and how VCE’s Vblock Systems are being used to address them.

Tags : 
vce, vblock systems, idc analysis, innovation, customer experience, it solutions, financial benefits, security, it management, wireless, enterprise applications, data management, business technology