Financial services companies leaning on big data, mobile
A new survey of information technology spending has found that financial services companies spent $114 billion on mobility, cloud and big data analytics in 2015, growing the investment in these relatively new technologies to 25 percent of IT spending for the sector.
The study by Framingham-based IDC Financial Insights, found that from a totalworldwide financial services IT spending of $455 billion, more than 25 percent of that budget went to these three technologies. This will increase to nearly 30 percent by 2019, according to the report.
This marks an ongoing shift in how financial services companies are budgeting for IT and applications spending, according to IDC senior research analyst Karen Massey. Whether it is using mobile applications to help sell their services, cloud technology to create efficiency or using big data to drive decisions, these new technologies are transforming financial companies and offer significant opportunities, according to a release from IDC.
WBJ Web Partners
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