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Benchmark your IT Spending.


Assessing the information technology spending of a financial institution is extremely complex, mainly because of the uniqueness of each organization. As a result, there is a wide range of spending levels, even among similar-sized institutions. IBM has been researching the IT spending patterns of the world's leading financial institutions since 1998. They have conducted interviews to gather data on operational and IT spending for nearly 200 financial institutions worldwide, many of them at the CIO/IT director level. Based on the data, an algorithm has been developed that allows IT spending to be estimated to a high degree of accuracy. IBM's Interactive IT Spending Calculator is built around this algorithm, enabling you to benchmark your total technology spending against that of major institutions in your industry and region.

COPYRIGHT 2001 Society of Management Accountants of Canada
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

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Author:Doucet, Kristin
Publication:CMA Management
Geographic Code:1USA
Date:May 1, 2001
Words:128
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