IBM has announced a series of new products aimed at making it easier for organizations to manage and comply with today's various international regulations and industry standards.
The new offerings address a wide range of compliance requirements driven by regulations such as Sarbanes-Oxley Act, USA Patriot Act and the Health Insurance Portability and Accountability Act.
The new offerings are part of IBM's Risk and Compliance Framework, which is designed to help organizations better determine their IT requirements based on the compliance mandates they are faced with in their particular industry. Using this framework, organizations are able to design and deploy an IT architecture that can help them deal more effectively with a wide range of compliance initiatives while increasing business efficiencies.
According to Gartner Group, public companies that deploy compliance management architectures will typically spend 50 percent less annually to meet federal requirements than those companies that do not. IDC also points out that more than 43 percent of North American companies have recently bought new software and upgraded or changed technologies to meet regulatory compliance regulations.
The ability to analyze, review and determine the appropriate technology infrastructure to address compliance requirements is crucial for companies in financial services, healthcare and manufacturing industries who face new or changing regulations on a constant basis.
As part of this announcement IBM is delivering six new offerings: IBM Solution for Compliance in a Regulated Environment (SCORE) A new offering that is designed to make it easier and more cost-effective for pharmaceutical, biotechnology, and medical device companies to address requirements associated with regulatory mandates for R&D, manufacturing, and sales and marketing processes. IBM SCORE, using WebSphere, helps give companies the ability to assemble submissions faster and reduce cycle-time for trials; to analyze and correct manufacturing batch data faster; to distribute regulated marketing literature to field sales teams faster; all while addressing IT requirements associated with 21 CFR part 11 and the new cGMP's. IBM Risk and Compliance Basel II Information Management Offering -- leverages the IBM Banking Data Warehousing Software (BDW) to provide a single, consolidated data repository and reporting framework to assist financial institutions address their risk and compliance challenges. The newest version of the BDW will provide support for the Basel II Revised Framework including enhanced support for operational risk. Additional enhancements to the BDW provide support for other compliance areas such as International Financial Reporting Standards (IFRS) and Sarbanes-Oxley. IBM's eForms & Records Management Solution for Government One of 61 middleware solutions for specific industries that IBM has rolled out this year -- delivers new security features using IBM Tivoli identity management software and VeriSign authentication technology. The offering helps government agencies to more securely create, digitally sign, route, process, archive and retrieve electronic forms. As a result, governments can better establish the authenticity and security of vital records; mitigate the risk of litigation; and increase efficiency with a paperless environment. IBM ThinkVantage Technologies New tools that help customers manage the cost of deploying end-user systems, implement new technologies such as wireless computing, and help provide a more secure environment for these technologies. Antidote, IBM's newest ThinkVantage Technology, addresses IT security issues and standards compliance by helping users manage and automate the delivery and installation of security fixes and patches. Companies also have the option to send instructions to their PCs so that if users do not conduct the required activities, they are removed from their IT network until they comply, helping management carry out required and timely maintenance to help reduce IT costs. IBM TotalStorage DR550 IBM's next-generation Data Retention system, based on Write Once Read Many (WORM) disk technology, incorporates POWER5(TM) microprocessors for increased performance and speed of data storage to deliver a central point of control for both regulated data and non-regulated retention managed data. Software companies worldwide have announced their support for the IBM Total Storage DR550 including Ceyoniq, Comprendium, Easy Software, Hummingbird Ltd., Hyperwave, iLumin Software Services, IRIS Software, IXOS Software, KVS, a business unit of VERITAS Software, Neeb and Partner, OuterBay Technologies, Princeton Softech, SAPERION, SER Solutions and Waters. IBM TotalStorage Tape Enhancements The IBM 3494 B10 and B20 Virtual Tape Server (VTS) models now support attachment to the IBM TotalStorage 3592 Tape Drive to offer customers the ability to support long term data archival, and facilitate cost-effective Information Life Cycle management. Further additions to the IBM enterprise tape portfolio include support for a new, lower cost Peer-to-Peer VTS configuration, and attachment capabilities of up to 128 open system tape drives and 64 open system servers to an IBM TotalStorage 3494 Tape Library, enhancing compliance support.
IBM's Risk and Compliance offerings are designed to help companies deal with the IT requirements they need to meet the ever-growing number of U.S. and international regulations and industry standards including the Sarbanes-Oxley Act, USA Patriot Act and the Health Insurance Portability and Accountability Act.