Gartner Calls for IT Innovation or Dormancy
Gartner, a technology research and advisory firm, suggests that financial service companies should innovate or hibernate to live through the recession.
Alistair Newton, research vice president at Gartner, noted that business will gain deep-seated changes once they venture in various IT innovations. On the other hand, hibernation can help companies abate costs and save resources for future deployment.
Alistair Newton, research vice president at Gartner, said, "Organisations that choose a middle way risk squandering their IT budget on incremental modernisation for little gain."
“Far from being fast followers, companies in-between the two options will be ditherers or laggards who waste their IT budget on incremental modernisation, which will have little or no consequence for their business," Newton added.
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