A new report from Aite Group reveals the estimated direction of IT budgets and the top priorities for budget allocation among CIOs.
Titled “Capital Markets Spending in 2007: Back Office Finally Gets Respect,” the report is based on a survey of 13 sell-side institutions and 12 hedge funds geared toward determining where IT dollars would be spent this year.
It also covers hiring trends, key enterprise system implementations, and spending priorities among business groups.
“Following several years of ad hoc spending associated with being compliant and competitive, 2007 appears to be turning into a year at least partially dedicated to cleaning up the integration mess,” says Adam Honore, senior analyst at Aite Group and author of the report. “Investments made in years past have left firms with operational inefficiencies and 2007 seems to mark the beginning of a back-office clean-up.”
The report is available to Aite Group members on the firm’s website www.aitegroup.com