The trading desk at GFInet used to operate via data distribution screens that showed tradable prices but didn't allow customers to conduct online transactions. The infrastructure, implemented in the 1980s, was outdated and had limited capabilities, says CIO Russ Lewis. GFInet's FX Options project was designed to enable online currency trading via a virtual private network or the Internet.
Stories by Julekha Dash
Justifying the cost of training may not have been necessary in the days of generous bonuses, lavish parties and other perks of the dot-com era. But as companies cut back on salaries and staff, IT managers must demonstrate the return on investment for any expense, including training.
Experts say that choosing the right organization to provide IT training requires thorough research and asking some tough questions.
The planned merger that two struggling Web consulting firms announced this week will help them offer more resources to their clients. But the deal won't necessarily ensure the financial recovery of Scient Corp. and iXL Enterprises Inc., as some users said the services offered by the combined company may still be out of reach in the current sluggish economy.
Technology consulting firm Computer Sciences Corp. (CSC) has filed a lawsuit against retailer Saks Inc. accusing it of misappropriating trade secrets and violating the terms of an IT services contract signed by the two companies early last year.
Technology consulting and outsourcing firm Computer Sciences Corp. (CSC) has filed a lawsuit against retailer Saks Inc., accusing its client of misappropriating trade secrets and violating the terms of an IT services contract signed by the two companies early last year.
Earlier this month, Gartner ventured outside its traditional niche of IT expertise by launching a new service to help business strategists use technology to manage their companies' growth.
A new program that would speed up the process for approving H-1B visas for foreign workers but would also charge an extra fee is drawing praise and criticism among those involved in immigration issues.
While other IT workers will be vacationing, some employees at Memphis-based Federal Express Corp. will use the summer months to test a new global business-intelligence project.
Business intelligence applications accessed via the Internet offer corporations more opportunities to use technology at a strategic level and move beyond traditional ways of doing business, according to an analyst roundtable on business intelligence trends at the Information Builders User Conference.
Both IBM and Intel this week announced partnerships with health care vendors to promote the use of wireless technology. But analysts and users said that while mobile technologies are gaining currency in health care, security concerns impede their widespread adoption.
Hewlett-Packard Co. and Accenture Ltd. Tuesday announced they would expand their IT outsourcing alliance, focusing on migrating clients from legacy applications to newer technologies such as Web and wireless, as well as supporting backward integration with legacy applications.
To comply with government regulations, health care organizations aren't just overhauling their operations. They're also reviewing their telecommuting policies.
Gartner Inc. announced second-quarter financial results that narrowly beat analysts' expectations, but the firm announced that it plans to reduce its worldwide staff of 4,700 employees by roughly 6 percent in an effort to contain costs.
The cooling economy may prompt firms to outsource more IT for cost-cutting reasons, according to analysts. But technology users said the economy hasn't had much impact on their outsourcing decisions yet.
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