When Is a Dollar Worth 20 Cents?
OPEN PLATFORM
You may think that your IT dollar is for new systems, but roughly 80 cents is spent on wares that hark back to the days before you joined the firm.
Among the many challenges facing an investment firm’s CIO is attempting to change the balance of dollars spent on maintaining legacy systems—also known as Keeping The Lights On, or KTLO—and those funds available to spend on brand new technology and solutions.
Generally, the industry-accepted ratio for this balance of new versus old dollars is in the
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