* Posts by IBarch

1 post • joined 11 Nov 2011

Is Financial services IT in a mess?


Recipe for Disaster

First, create a large number of highly customized systems to run your business.

Second, replace your own staff (and business knowledge) with a large outsourcing contract and boil off huge profits.

When profits run dry, remove outsourcing company and off shore work.

Cancel replacement of aging systems to give balance sheet fresh gloss

Reduce headcount by half for that extra special finish to the year

Sit back and enjoy your hard earned bonus



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