Information Technology (IT) is typically among an organisation's top five expenditures. The typical chemical manufacturer spends an estimated 1.2 to 1.5 percent of its revenues for total IT expenses (capital and expense). IT is a critical component of its business infrastructure and is at the core of many cost reduction and
risk management initiatives.
Many chemical companies are frustrated with the return on their IT investment dollars. Others face the operational challenge of addressing the risk management, security, controls, and data quality issues that arise from:
- Increasing internet use, network connectivity, and web services
- Disparate IT systems and applications
- IT cost control and IT alignment with business objectives
- New or updated ERP and CRM systems and applications
- The need for analysing large amounts of disparate data
How PricewaterhouseCoopers can help you
PricewaterhouseCoopers’ technology and data Services group helps companies maximise the return on their investments by aligning their business processes with their IT systems and initiatives. To achieve this, PricewaterhouseCoopers provides services in the following areas:
- IT business risk management helps companies identify and address key IT business risks and focus resources more effectively to align IT spending with business goals.
- IT security and controls helps companies develop, align, and implement security solutions and controls that mitigate risk and vulnerabilities by controlling access to critical infrastructure components, corporate networks, and applications.
- Data management helps companies address current and future issues through analysis, process improvement, and the use of business intelligence tools to achieve a sustainable improvement in data quality and maintenance.
