Business Services Industry
Do-It-Yourself Information Availability Not Worth the Effort; Study by Leading Analyst Firm Suggests There Are Major Cost Advantages to Allowing a Third Party to Facilitate Design and Execution of Information Availability Solutions
Business Wire, April 25, 2005
WAYNE, Pa. -- A study by leading industry analyst firm IDC quantitatively demonstrates the advantages many companies would enjoy by allowing a third party to assist with the design and execution of information availability solutions. The study's findings of significant cost savings and faster recovery times from utilizing a third party are confirmed by SunGard Availability Services' over 25 years of experience as the pioneer and leading provider of information availability services. SunGard Availability Services is an operating group of SunGard (NYSE:SDS) and defines information availability as a company's capability to always keep its employees and its mission-critical information connected.
The results of the study, an IDC White Paper sponsored by SunGard titled "Ensuring Information Availability: Aligning Customer Needs With An Optimal Investment Strategy," demonstrate significant financial and performance benefits for companies that allow a third party to handle some or all of their information availability services as opposed to handling them in-house. The key findings of the survey were:
--Using a third party can provide approximately 32% cost savings.
--Using a third party allows for faster recovery times. (Companies that didn't outsource had recovery times that were 77% longer.)
--Using a third party reduces the expected degree of degradation.
--Companies that use a third party have more confidence in their ability to recover.
"Clearly, ensuring the appropriate level of information availability involves aligning the appropriate sourcing model - using a third party versus in-house - with the degree of business risk companies are willing to take," said David Tapper, program manager, IT Outsourcing and Utility Services and Global Offshore Services at IDC. "The choices are for companies to assume full management of information availability without the assistance of a third party (the highest level of risk) to a fully outsourced model (the lowest level of risk). However, companies can achieve a moderate level of risk by retaining some level of control over information availability while allowing a third party to help with the components they believe can be better performed by the provider."
David Palermo, vice president of marketing, SunGard Availability Services, said, "Allowing a third party to handle a company's information availability means lower costs and faster recovery times. What separates SunGard from other third-party providers is that when a company teams up with us, its IT department can exercise as much or as little control over its solution as it wants to."
For the study, IDC conducted in-depth interviews with 40 companies in the US and Europe with average revenues of $2.7 billion and 15,775 employees.
About SunGard Availability Services
SunGard Availability Services is the pioneer and leading provider of information availability services, helping to ensure that more than 10,000 clients in North America and Europe have access to their business-critical information systems. With over three million square feet of hardened facilities, SunGard offers a complete range of information availability services for more than 30 technology platforms, from 48-hour disaster recovery hotsites to always-on, high-availability infrastructure, co-location and electronic vaulting services. SunGard also provides technology and systems management services for application and data center outsourcing, as well as business continuity consulting services and planning software. For more information about SunGard Availability Services, visit www.availability.sungard.com or call 1-800-523-4970.
About SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.
Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Freudenberg IT Invests $38 Million for Growth
- Research and Markets: Israel Ophthalmic Devices Investment Opportunities, Analysis and Future Forecasts Through to 2015
- Research and Markets: Emerging APAC (China) Networking Opportunity 2009 - Addressing a Growing Demand in a Downturn Economy
- Research and Markets: Indian Small & Medium Businesses SaaS Channel Partners 2009 - A Growing Opportunity in a Challenging Business Environment
- Research and Markets: Nippon Oil Corporation LNG Export and Import Markets, 2000 to 2015 Report - Profile and Analysis and Forecasts of Terminal Wise Capacity and Associated Contracts
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- Using object-oriented analysis and design over traditional structured analysis and design
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions




