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It will be interesting to see what comments or analysis are made in Finextra‘s event about IT outsourcing and capital markets space, certainly cost control and delivery will continue to be an issue during the current economic conditions. Whether it’s outsourcing that is needed, or genuine investment in specific areas of the application or the infrastructure to transform the way your technology integrates and operates within your financial and business constraints will depend on you and your business.

I often wonder if we find that outsourcing is used more to achieve specific goals in the IT function like cost reduction or upgrade projects – ask for three million to upgrade to Windows 2008 and IT might get told “Sorry, there’s no budget”. Get told by a service provider, we need to upgrade the operating system to Windows 2008 as everything else is out of support and the budget might be more easily obtained as a result of billing, or the fact that it’s like buying a mobile phone, it’s a fixed service with rules, you want support, you upgrade, next.

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