Your job is a revenue generator, a cost center, or a combination of the two.
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We have seen intellectual property transition from a legal cost center to a financial commodity.
Second, an expense-conscious global marketplace has rendered IT even more of a cost center, inviting closer financial oversight.
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Whether inside a company or outside, how can you turn a cost center into a profit-producing strategic asset?
Contrary to popular belief, customer service is not a cost center like payroll processing or other non-strategic business functions.
As a result, IT has moved from a low-priority to high-priority, a cost center to a profit center, non-strategic to strategic.
The world is turning from compliance as a cost center to compliance as a necessary aspect of retaining clients or growing the business.
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But as often has been the case in finance, the back office gets very little attention since it is viewed as a dull cost center.
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In other words, the head of NASD Regulation is not perceived by the industry as merely a cost center that person contributes to the profitability of the industry by serving as a friendly regulator and is compensated accordingly.
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There is a huge qualitative difference between an economy built on natural resource extraction, where the populace is a cost center, and an economy built on productive labor by the population, where increasing capabilities of the society leads to more wealth.
Regarded as a cost center, it typically receives little investment and less attention Even in the JPMorgan blowup, attention has focused on risk management and controls, not on the fact that the bank apparently could not determine its losses for several weeks.
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We were deep into the Great Recession, more businesses than not were scrambling to survive in the face of vastly changed fortunes, and it was more difficult than ever before to disabuse non-marketing senior management of their conviction that marketing is a cost center, not an investment.
"But I think the third thing is China has matured to a point where it is no longer a low cost center of labor ... in cutting edge businesses, it wants to really develop its own brand and its own next generation of technology, to walk into the fight with your own swords by investing in the next Google, the next Apple, " Law said.
Commercial Lending X has not only relieved banks of much of the loan underwriting and processing (cost-center) burden, they have also found creative ways to increase bank revenues by brokering denied loans to generate referral fees from other lending institutions, by finding participants to help larger loan transactions get done and by bringing banks new customers.
But to maximize profitability under this data sales model, Facebook wants to drive the cost of data center infrastructure to some point below that of commodity boxes servers and storage arrays for example.
The firm calculates that it saves more than a half-million dollars yearly above the cost of running the center.
Infrastructure-as-a-Service and Platform-as-a-Service offerings can also provide quick, low-cost access to data center resources for software development and prototyping.
Smaller equipment is better: An extra couple of square feet in an exchange's data center can cost thousands of dollars per month.
There is still a lot to be done in removing operational cost inside the data center: Now-separate elements like compute, storage and networking are increasingly intertwined, and may eventually be subsumed into a single basic operation where few programmers go.
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AMD's server technology combined with SeaMicro technology provides customers with a range of processor choices and platforms that can help significantly reduce data center complexity, cost and energy consumption while improving performance.
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Local restrictions notwithstanding, GM doesn't want the additional cost of building a national distribution center until more people are comfortable with buying big-ticket items online.
On December 30, 2010, the American Family Business Foundation (AFBF) published a report, by Antony Davis(Economist, Duquesne University, Mercatus Center): Cost of Compromise: Impact of the 2011-2012 Estate Tax (PDF).
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Engineering, cost and logistical constraints figure front and center.
If you want to learn more about market-based solutions to our health care cost crisis, go to the National Center for Policy Analysis (ncpa.org) and read anything written by John Goodman, Ph.
Right now, the cost of buying servers is the largest data center expense, and power comes second, accounting for around 40 percent of operational costs.
No matter what the cost of a new warehouse, a distribution center or even hiring your own delivery service (which Vancl has done), these companies will spend whatever it takes to be the number one player in their space.
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The the third-ranked tenant after the Kings and Lakers at Staples Center will continue to be low-cost, profitable operator.
In other words, determine what the hourly cost will be to your business if the data center is down or disabled due to an attack.
He scrapped the team's ad agency and its outdated rotunda pricing scheme, under which all tickets on each arena level cost the same, whether for the corners or center ice.
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