Tuesday, February 25, 2020

Server consolidation Essay Example | Topics and Well Written Essays - 1000 words

Server consolidation - Essay Example At one hand this has increased the competition among various financial institutions and on the other hand it has also elevated the quality of service that a customer expects from the banking sector. This has led to many private and public sector banks going in for an increased focus towards IT deployment. Headquartered in New Delhi, the Alpha bank has more than 500 employees who focus on fund raising, credit lending, international operations, bank cards and intermediary business. As more foreign and local banks emerge to challenge its role in these fields, Alpha must strengthen its competitive advantages and find new ways to please its growing list of customers in the region. In order to do so, alpha decided to revamp its information technology (IT) infrastructure to support an ambitious program of new development. The company’s overall plan was to consolidate its core banking system, implement automatic deposits and withdrawals nationwide, and provide expanded banking service s to its customers through the deployment of new e-business applications. One of the first such applications was an e-banking system providing easy-to-use, 24x7 financial services to its customers via the Internet. This, along with other new e-business initiatives that would follow, needed the support of a highly reliable, available and scalable infrastructure. Alpha’s new revamped e-banking system--supported by a powerful server deployment and Linux platform deployed with the help of Company Alpha--enabled the company to extend traditional services to its customers in a new way.

Sunday, February 9, 2020

Financial Analysis of St. Vincents hospital Essay

Financial Analysis of St. Vincents hospital - Essay Example The St. Vincent’s hospital was a major health providing institution within the Manhattan area and it had been serving the local community since being formed in the year 1849, besides the health care facility, a medical college was also on the offerings. St. Vincent’s hospital was closed on April 30, 2010 and it was found that the hospital owed billions of dollars; hence it had to file for bankruptcy. As of April 30th, the hospital had to sack 3000 employees because of its closure. This led to a huge hue and cry amongst the employees of the hospital as the 3000 employees had to face the grudging effect of the loan and that too in a very stiff economic environment where job cutting was a major feature (NY1 News, 2010). Many attempts were made to stop the closure of the hospital but all of these attempts went in vain. U.S. Senators Chuck Schumer, Kirsten Gillibrand and Congressman Jerrold Nadler were all involved in forwarding an application to the U.S. Department of Housi ng and Urban Development (HUD) so that the hospital could be saved from bankruptcy. This request was made to the HUD department because of the department’s ability to offer mortgage insurance. The senators along with the congressman explained that the hospital had a long history of offering major emergency and other health care services in that area and it would be difficult to diversify the emergency patients of St.