Demand for Big 4 IT Consultants:
“A Big 4 Accounting firm is seeking IT Auditors,” “Big4 experience in IT Audit, SOX 404, Business Process controls, internal controls” “Big4 ERP consultant with Big 4 experience,” “Strong Big4 experience in the SAP market,” “Big 4 firm seeks senior level Oracle, JD Edwards or PeopleSoft Management/Business Consultants” … the necessities record for Big4 IT consultants is limitless!
Big4 IT Saga:
Apart from being extraordinary performers, the Big Four companies and their purchasers have the knack of reaching success throughout unsure durations. According to Deloitte Technology Fast 500, IT and Software companies persistently lead the Fast 500 record. The newest Trendsetter Barometer survey from PricewaterhouseCoopers strengthens Deloitte’s stories. The survey avers that the quickest rising firms within the U.S. allocate greater than 60% of the finances for Information Technology.
What drives the Big 4 IT Firms?
IT is an ethereal market that calls for enterprise and know-how enhancements on the drop of a hat. Managing dangers and dealing with change are essential duties for IT professionals on the Big4 companies. Today, there are three vital necessities that drive the Big 4 IT companies. They are-
Innovative Management
Dynamic Staff and
Efficient Team Dynamics.
Organizational efficiency at Big 4 IT companies is pushed by the truth that the Information Systems Audits, Controls, Business Planning and Development are dealt with exceptionally. Typically, Big4 IT companies select professionals for Information Systems Audits, Disaster Recovery, Systems Development and Information Security. Big4 – a web site catering to Big4 alumni- receives periodic updates on the most recent information and developments on the Big Four IT companies. The coaching finances per IT worker at Ernst & Young was U.S.$2,100 for the yr 2003.
Big4 and ERP:
Enterprise Resource Planning (ERP) is a significant guess for Big 4 IT professionals. Big 4 IT software program job market is dominated by ERP applied sciences from Oracle, SAP, PeopleSoft, Siebel and Great Plains. Salesforce.com, the Hosted CRM companies chief, competes with all the highest “Install and Customize” ERP applied sciences suppliers. With a 300,000 subscribers record, Salesforce.com expects to succeed in a U.S.$ 300 million revenue in 2006.
Post Oracle-Siebel Union, Enterprise Software Technology large, SAP, can be planning to supply hosted CRM Services. Budging from its typical Enterprise Software Technology market, SAP is competing in opposition to trade bigwigs like BEA, Oracle, PeopleSoft and Siebel to earn prime honors in hosted CRM companies.
Big4 Firms depend on E-business and Security:
E-business and Security are enjoying essential roles in driving the success charge of Big Four companies. In June 2005, Sapient Corp. acquired BIS (Business Information Solutions,) a SAP-related companies agency. With this acquisition, the demand for Business Intelligence and worth Optimization Services elevated tremendously.
Another Big4 stalwart, PricewaterhouseCoopers, helps purchasers by providing IT value and efficiency optimization companies. PwC permits organizations to give attention to IT enterprise threat, IT spending, IT governance, IT threat administration and compliance.
In the Information Security enviornment, Compliance is a forerunner. Business Process Controls, Internal Controls, SOX 404 are potential gamers in bettering the enterprise efficiency of the Big Four IT companies. As per a Deloitte Research report, a safety loophole in a delivery container can quantity to U.S.$ 1 trillion loss. Companies worldwide lose U.S.$ 12.5 billion as a result of pc hacking and spamming. Additionally, the report additionally means that international firms contemplate enterprise disruption, poor regulatory compliance, erratic surges in rates of interest, terrorist actions as components affecting Security.
Performance of Service Companies and Product-related firms:
As a matter of truth, service firms are performing higher and reaping greater income than the product-related firms. The evaluation made by the PricewaterhouseCoopers’ Trendsetter survey compliments the efficiency of IT companies trade. As per the survey, 62% of e-business budgeting caters to Information Technology. Service firms bestow 57% of the e-business finances in the direction of IT personnel, whereas their counterparts, the product sector companies, allocate 44% for IT personnel.
Big4 Firms and IT Compliance – The Road Ahead:
Sarbanes Oxley and IT Compliance measures have had a constructive impact on the general well being of the Big Four companies. With IT auditors and monetary auditors standing guard and streamlining the Security measures at Big Four companies, does that imply Big Four IT professionals with desired attributes are a hotcake? You guess!