Virtualized Data Storage & IFC

Paper Summary:

This paper takes an in-depth look at issues relating to information systems and virtual data storage at the Irwin Financial Corporation (IFC). The paper reports that any technology initiative aimed at budget analysis, reducing expenses and improving the efficiency ratio, with a projected return on investment (ROI) aggressive enough to pay for itself in six months to a year, would be welcomed by the CEO and bank management as a whole.

Outline:
Company Information
Operating Challenges
Technical Environment
Management
Recommendation: Data Management, Business Intelligence and Integration
Areas For Future Improvement
Cost Savings
Functionality
Compliance

From the Paper:

"HDS' advantage may also come down to successfully convincing IT management that the HDS array system is better than IBM's storage virtualization controller (SVC). HDS has been ahead of EMC in virtualization, and EMC considers the first version of Invista a high-end product. However, IBM has had early success in mid-range land, claiming 1,000 customers for SVC. Virtualization gives HDS a mid-tier product that EMC won't have until the middle of next year at this price range. HDS' virtualization performance should be similar to (if not better than) IBM's. Overall, however, IBM's edge is in implementation with IFC, whereas HDS' edge may be in price and functionality. Again, using Pacific Capital Bancorp in California as a case study, citing its recent award as the winner of Storage Networking World's Best Practices in Storage Systems Implementation, could be used by IS management."

Sample of Sources Used:

• Compliance Week, 2005, Q&A With SVP Ethics At $700 Million Irwin Financial, Available at: http://www.complianceweek.com/index.cfm?fuseaction=article.viewArticle&article_ID=1574
• Fiore, Peter. 2005, IBM to Buy Ascential for $1.1B, IDG News Service Available at: http://www.computerworld.com/softwaretopics/software/story/0,10801,100368,00.html
• Hitachi Data Systems 2004, New Hitachi TagmaStore(r) Universal Storage Platform Towers Over Competition with 2 Million IOPs and 850% More Cached Bandwidth, Available at: http://www.hds.com/press_room/press_releases/gl040907b.html
• Irwin Financial Corporation 2005, Irwin Financial Corporation Announces 2005 First Quarter Earnings Conference Call, Available at: April 27, 2005http://www.irwinfinancial.com/ir-set.html
• Irwin Financial Corporation 2004. Annual Report

More papers on Virtualized Data Storage & IFC:

• Research Paper # 116127 : "Enterprise Data Storage"
• Essay # 55469 : "Holography and Data Storage"
• Term Paper # 125428 : "Database Management and Data Storage"

APA Citation:

MLA Citation: