PALO ALTO, CALIF--Corporate America's information architecture is replete with obsolete, redundant and unused software applications--so many, in fact, that maintaining them drains tens of billions of dollars per year from the most information-intensive companies alone. However, nearly three quarters of these companies have no process in place for retiring outmoded software and less than half conduct regular software audits to see how much software is on the network. 

Those are among the startling findings of a new online survey of business and IT executives conducted by the Business Performance Management (BPM) Forum, a leading executive organization. Titled "Software Drain or Business Gain: Assessing Application Value, Relevance and Cost to Your Company," the study analyzes the value of business software to corporations today, what companies do to ensure that applications are aligned with business strategies, and what happens to those applications when they're no longer used.   More than 40 percent of the respondents estimate that unwanted applications drain more than 10 percent of their IT budgets, while 10 percent estimate the real cost to be more than 20 percent.  Fully 70 percent say their companies have redundant, deficient or obsolete applications on the network--and the problem is even more serious in larger companies with revenues over $500 million. 

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