Benchmarking IT spending for the finance industry

Everyone''s spending, but are you spending enough? IT consultants seek to answer the question for you.

Elton Cane

January 08, 2001

Back when the Y2K bug loomed large on the horizon and threatened to thrust us back into the dark ages, spending on information technology was at an all-time high. Many industry analysts at the time predicted that IT budgets would drop dramatically in 2000 as Y2K taskforces were dismantled and contract workers laid off.

While spending did decrease, it wasn’t by anywhere near as much as might have been expected. According to a study by Cap Gemini Ernst and Young, IT budgets that had tripled in the lead-up to the millennium only dropped by 25% in 2000.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Disruption