Crisis Woes Mean Less Focus on Innovation. Bad Timing

Sraeel, Holly
November 2008
Bank Technology News;Nov2008, Vol. 21 Issue 11, p8
Trade Publication
The article reports on the impact of credit crisis on the information technology (IT) industry in the U.S. A major player in the industry asserts that credit crisis would diminish technological innovation. The consulting company projected that by 2011, IT spends by the country's financial industry will be $146.7 billion, compared to the $126.6 billion spent in 2007.


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