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IT spend and effectiveness inversely related.

Europe Intelligence Wire

| February 02, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(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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