NEEDHAM, Mass. - After years of pure cost cutting, many U.S. credit unions and banks are gearing their IT budgets toward sustainable operational efficiency, a strategic objective that will help fuel robust IT spending growth. That's the assessment of TowerGroup senior analyst Virginia Garcia, who projects $5 billion more in such spending this year over last. She also says that spending in software, outsourcing and professional services are getting much of the investment, at the expense of maintenance-related internal IT spending. Here are some graphics that illustrate her findings
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