Recession Forces Businesses to Slice Budgets

NEW YORK, NY, Oct 20 (MARKET WIRE) --
The economy isn't getting better. It's simply "less bad."

That's the news from the latest round of economic statistics that show 73
percent of the Standard and Poor's 500 Index companies beating their
revenue expectations, but an overall view that the S & P 500 is still down
27.3 percent since last year. In August, 216,000 jobs were lost, slightly
fewer than the 276,000 lost in July, but the overall losses over the last
20 months of recession represent a still-abysmal job market.

As the economic drain wears on, companies aren't simply concerned about
cutting their costs to stay in business, but where to cut those costs.

"These are not easy choices," said Arkady Kleyner, Co-Founder of
Intricity, LLC (www.intricity.com), a leading provider of Business
Intelligence and Data Warehousing services and solutions. "Many large
companies have had the recent experience of being forced to cut back and
simplify their internal processes in order to emerge from slow economic
times which have led to bankruptcy and financial restructuring.
Executives need to be able to get a bird's-eye view of their business in
order to know where they can afford to cut -- as well as where they
can't."

Kleyner believes that good IT infrastructure and data management can be
the key to making a company's operations easily understandable and
transparent.

"Good data management has the power to simplify complexity, to break down
a company into its component parts, so executives can examine them
individually, as well as how they work together," Kleyner added. "Slower
times force us to look inwards. This applies to large corporations as much
as it does to personal budgets and home finances. When the orders were
flowing, we threw tools and people at the problems until a workable
solution appeared to emerge. Efficiency, automation and integration fall
behind agility in priority. This is normal because agility is often what
gets new business. And without new business, the organization stagnates
and ultimately fails."

About Arkady Kleyner

Intricity Co-Founder Arkady Kleyner is responsible for the overall
technology focus, company direction and the management of delivery
capability and personnel of Intricity. He has more than 20 years of
experience in engineering/architecting, developing and deploying the most
intricate enterprise business solutions, focusing strongly on the
financial, pharmaceutical and all IT organizations.

Contact:
Rachel Friedman
Rachel@newsandexperts.com

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