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Banks are Getting Smarter on Managing Technology

  • 17 September, 2007 13:19

<p>SYDNEY, 17 September 2007- In a new report on the Australian banking sector, IDC have identified the banking sector as leader in strategy and spending. Phillip Allen, Research Manager Vertical Markets says "we looked at the outlook, requirements and IT intensity and measured different industries across a number of dimensions. The results show that the banking sector is a clear leader."</p>
<p>The IDC IT outlook model provides an explanation of the way the IT environment is managed and the resulting priorities. This is an overall framework for representing the strategic priorities, importance of technology and areas such as IT investment goals.</p>
<p>The research measured the degree to which an industry is an early adopter of IT solutions, along with spending and investment goals, such as the degree to which IT investment is undertaken to increase revenue or reduce costs. This research suggests that the banking sector is looking for partners who can help "evolve" their strategies and can offer innovation and transformation.</p>
<p>If you would like further information or to purchase IDC research, please contact Gary Clarke, IDC Associate VP of Sales via email gclarke@idc.com or phone 02 9925 2226.</p>
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<p>For press enquiries please contact:
Phillip Allen
Research Manager, Vertical Markets
Phone: 61 2 9925 2276
Email: pallen@idc.com</p>
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<p>If you would like further information or to purchase IDC research, please contact Gary Clarke, IDC Associate VP of Sales via email gclarke@idc.com or phone 02 9925 2226.</p>
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