Gartner estimates: “Spending on banking and securities IT is expected to top $471 billion this year, up 14 percent from 2010, and rise by a fifth again to hit $563 billion in 2017”
The Reuter’s article, Insight: New Masters of the Universe? Banks see future in IT hires, describes the growing trend of banks hiring more, and more, IT personnel to drive the technology side of the business. The article states "With IT expertise now a must for the boardroom, banks' conservative workplaces are likely to undergo cultural change as they welcome ambitious, differently-minded people."
Leading banks like Barclays, JP Morgan and Goldman Sachs are hiring technical personnel in greater numbers to lead their IT operations while cutting costs in other areas of the business. Goldman Sachs is an example of the increasing emphasis being placed on IT: "Goldman Sachs has added 6 percent more IT staff since 2009, while cutting elsewhere. That has left it with 8,000 technology employees, making its department bigger than many technology firms, and it works hard to lure professionals away from Silicon Valley with the message that its technology business is key."
This trend is not confined to banking industry only. The growing impact of IT on enterprises was also documented in the IBM 2012 CEO Study, Leading Through Connections, with industry leading CEO’s ranking technology as the most important factor impacting their organizations
Will hiring technical staff be sufficient to deal with the complexities of infrastructure, improving productivity and cutting costs?
Today organizations are looking for an approach that not only breaks down silos’ and enables all workloads required in today’s changing world, but also matches heterogeneous compute storage and networking resources to create an environment optimized for service levels that drives outcomes.
Today organizations are also evaluating approaches and solutions that can help them respond rapidly to market shifts and competitive threats, while developing a deeper understanding of what their client’s need and want for a solution which engages their clients, help them stay ahead in competition and respond dynamically to shifts of market. Everybody wants to innovatively use the potential of big data, protect the critical information and ensure that the applications are secure and accessible.
- Does this sound familiar to you?
- How are you managing your heterogeneous IT environment?
- What kind of solutions would be ideal for your IT environment?
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