Large North American financial institutions will spend
“Our IT investment strategy is increasingly becoming more practical; we are looking at new business models that we do not run fully in-house and on-premises,” said a vice president of Enterprise and Infrastructure during a SourceIT interview. “While we are not leading-edge, we are moving from lagging and ultra conservative to a more parity position, which I believe will evolve to more leading in the next two to five years. Our IT platforms can become a competitive distinction, and if modeled correctly, can free our resources to work on higher-value tasks.”
According to survey results, banks favor vendors established in the financial services industry and with which they have pre-existing relationships to implement the required improvements. This buyer behavior signals significant opportunity for identified vendors, as TBR’s Banking and Financial Services SourceIT research shows that 74% of decision makers are at Empowered organizations, which are highly aggressive IT adopters with highly distributed IT spending. This represents significant opportunity for vendors across software, hardware, networking and professional services.
TBR’s Banking and Financial Services SourceIT report provides deep business insights into the IT investments financial institutions are planning based on industry change, internal mandates and customer expectations. “IT is clearly becoming more strategic for financial services companies, helping them maintain the status quo and acting as an accelerator for strategic business shifts,” said TBR Senior Analyst
TBR launched the SourceIT research program in
• Identify opportunity by highlighting the business and IT strategy drivers and demands in specific market segments
• Target IT purchasing decision makers by explaining purchasing scenarios and identifying where in the business or IT organizations decisions to purchase will be made
• Improve corporate positioning against competition by targeting customer needs and managing rivals
The Retail; Federal and Public Sector; Telecom Service Providers; and Healthcare SourceIT reports are available. Manufacturing; Energy and Utilities; and Transport and Logistics SourceIT industry reports will publish in the fall of 2013.
For more information please contact Software and Cloud Practice Director
TBR has been empowering corporate decision makers since 1996. For more information, please visit http://www.tbri.com.
Read the full story at http://www.prweb.com/releases/2013/7/prweb10982478.htm
Most Popular Stories
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- Dell Offers Undisclosed Number of Employee Buyouts
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- Apple Activates Customer-Tracking iBeacon
- It's No Yolk: Food-tech Startups Take Aim at Replacing Eggs
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- A Biography of Jonathan Ive, Apple's Creative Chief
- US Consumer Borrowing Rose $18.2B in Oct.
- 2014 World Cup Official Noisemakers Quieter than Vuvuzelas
- Unjustified?: Justin Timberlake's Grammy snub