New Thoughts for the New CIO

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An investment bank’s IT officer needs a new set of tools to manage his or her IT department more efficiently.

The CIO of the typical Fortune 500 firm is being asked to do more with less. More than 80 percent of an IT budget is spent on legacy systems, which means there is less money to invest in new technologies and innovation. Yet the demands from the different lines of business within the investment bank and its customers know no bounds. It is not uncommon for the CIO of a large company to

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