Downtime Costs Firms Over $10K per Hour
The survey targeted 103 IT managers and senior leaders in the investment banking, retail banking and insurance sectors and other financial organizations in the U.K. The majority of firms stated that over half of their software inventory is home-grown or custom-designed.
In the case of investment banks, most of the respondents report that between 50 and 75 percent of the systems used by their organizations' enterprise applications are internally developed rather than off-the-shelf packages. The
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