Data management affords numerous opportunities for reducing and controlling costs, according to Gartner.
Gartner has identified nine key areas where CIOs can significantly reduce costs during 2008.
Database consolidation through consolidation of redundant databases and database workloads.
Optimise data integration tools licensing through consolidation.
Leverage established data structures and data integration processes and development through re-use.
Perform data mart consolidation - consolidating siloed data marts into a single data warehouse or into a smaller set of marts delivers the same types of benefits as operational database consolidation.
Enforce standards to foster re-use and business agility.
Defer replacement of custom-coded architectures.
Explore open source licensing.
Renegotiate services contracts.
Defer low-priority/limited benefit projects.