Big4 IT Consultants and The Road Ahead

Demand for Big 4 IT Consultants:

“A Big 4 Accounting Firm is looking for IT auditors”, “Big 4 experience in IT audits, SOX 404, business process controls, internal controls”, “Big 4 ERP consultants with Big 4 experience”, “Strong Big 4 experience in the SAP market”, “Big 4 company is looking for senior level Oracle, JD Edwards or PeopleSoft Management/Business Consultants” … the list of requirements for Big 4 IT consultants is limitless!

Big4 IT saga:

Aside from being exceptional performers, the Big Four law firms and their clients have a talent for thriving in uncertain times. According to the Deloitte Technology Fast 500, IT and software companies consistently top the Fast 500 list. The latest PricewaterhouseCoopers Trendsetter Barometer survey confirms Deloitte’s reports. The survey shows that the fastest growing companies in the US spend more than 60% of their budget on information technology.

What drives the Big 4 IT companies?

IT is an ethereal market that requires business and technology improvements on the fly. Managing risk and dealing with change are important tasks for IT professionals in the Big 4 companies. Today there are three key requirements driving the Big 4 IT companies. They are-

Innovative management

Dynamic staff and

Efficient team dynamics.

The organizational performance at Big 4 IT companies is driven by the fact that the audits, controls, business planning and development of the information systems are exceptionally handled. Typically, Big4 IT companies select professionals for information systems audits, disaster recovery, systems development, and information security. Big4 – a website for Big4 alumni – gets regular updates on the latest news and trends at the Big Four IT companies. The training budget per IT employee at Ernst & Young in 2003 was $2,100.

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Big4 and ERP:

Enterprise Resource Planning (ERP) is an important bet for Big 4 IT professionals. Big 4 IT software job market is dominated by ERP technologies from Oracle, SAP, PeopleSoft, Siebel and Great Plains., the leading provider of hosted CRM services, competes with all top providers of “Install and Customize” ERP technologies. With a list of 300,000 subscribers, expects 2006 earnings of $300 million.

Post Oracle-Siebel Union, enterprise software technology giant SAP, also plans to offer hosted CRM services. Starting from its conventional enterprise software technology market, SAP competes with industry giants like BEA, Oracle, PeopleSoft and Siebel for the highest accolades for hosted CRM services.

Big 4 companies rely on e-business and security:

E-business and security play an important role in increasing the success rate of the Big Four companies. In June 2005, Sapient Corp. BIS (Business Information Solutions), a SAP-related service company. With this acquisition, the demand for business intelligence and value optimization services increased enormously.

Another Big4 star, PricewaterhouseCoopers, helps clients by offering IT cost and performance optimization services. PwC enables organizations to focus on IT business risk, IT spend, IT governance, IT risk management and compliance.

In the area of ​​information security, compliance is a pioneer. Business process controls, internal controls and SOX 404 are potential players in improving the business performance of the big four IT companies. According to a report by Deloitte Research, a security breach in a shipping container could mean a $1 trillion loss. Companies worldwide lose $12.5 billion to computer hacking and spamming. In addition, the report notes that global companies see business disruption, poor regulatory compliance, erratic interest rate hikes and terrorist activity as factors affecting security.

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Services provided by service companies and product-related companies:

In fact, service companies perform better and generate higher revenues than product-related companies. PricewaterhouseCoopers Trendsetters survey analysis validates the performance of the IT services industry. According to the survey, 62% of e-business budgeting is related to information technology. Service companies allocate 57% of e-business budgets to IT staff, while their product industry counterparts allocate 44% to IT staff.

Big 4 companies and IT compliance – the way to the future:

Sarbanes Oxley and IT compliance measures have had a positive impact on the overall health of Big Four companies. With IT auditors and auditors standing guard and streamlining security measures at the Big Four companies, does that mean the Big Four IT pros with the desired qualities are a hot cake? You bet!