NEEDHAM, Mass. - After years of pure cost cutting, many U.S.credit unions and banks are gearing their IT budgets towardsustainable operational efficiency, a strategic objective that willhelp fuel robust IT spending growth. That's the assessment ofTowerGroup senior analyst Virginia Garcia, who projects $5 billionmore in such spending this year over last. She also says thatspending in software, outsourcing and professional services aregetting much of the investment, at the expense ofmaintenance-related internal IT spending. Here are some graphicsthat illustrate her findings
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