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Citigroup data center pays off

Posted by Jeffrey Mayer on November 4, 2011
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November 4th, 2011: Fierce Finance IT
by Jim Kim
Banks have been willing to invest heavily in data centers the past few years, even as the economy worsened.
The economics of such investment were more than compelling, the ROI extreme. For Citigroup, such investments are now paying off. The company’s program has resulted in savings of $6 million a year on energy costs and a 3 percent reduction in its carbon footprint, according to ComputerWorld.  The bank was also able to reduce the number of data center it supports to 24 from 68 in 2005.
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