The results of our research into strategic technology investments indicate that there are major trends beginning to take shape in this area of IT spending. The spending patterns, drivers and impediments that relate to strategic IT can be described by way of a few overriding trends in the industry. In interview after interview, the same kinds of issues arose regardless of the size of the institution, where it was located or what industry subsegment it belonged to. This clearly indicates that not only has strategic IT spending become an important topic of consideration, but also that it is a point of similarity among all financial institutions.

Areas of Strategic Spending

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