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IT spend and effectiveness inversely related.
(From Banking Newslink)
McKinsey report on research into IT Spend within European banks. Their headline finding is that "Those that get the most value from information technology might be the ones that spend the least on it".
The findings are based on 37 banks and rated on 70 variables. IT costs varied from 10% to 30% of operating costs amongst the sample. The banks judged to more effective in IT operations tended to have less applications, less data centres and, ...
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