FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W281405917> ?p ?o ?g. }

• W281405917 startingPage "53" @default.
• W281405917 abstract "T his was the Year of the Monkey, one characterized by a sidestepping of problems and manipulations, noted Michon Schenck, chief operating officer of Financial Insights, Framingham, Mass., speaking of 2004 At the firm's Insights Conference in Boston this September, the former banker made use of the Chinese calendar to draw analogies to technology budgets in financial services, insurance, and banking-expected to increase at a modest 4.6% overall in 2005. According to Chinese lore, the year of Monkey punished naive enthusiasts but rewarded risk takers; it ought to have been a prime year for sizable enterprises, expansions, and fostering major cooperation. fact, earnings remained historically high in most regions and many announced mergers seemed to roll ahead on the steam of their own bombast. After some snap internet research, one of Schenck's colleagues pointed out that 2005 would belong to the Rooster, which possesses the qualities of resilience and courage, but can also be rude and bossy. What that might mean expressly for bankers, no one was prepared to say-but at least one analyst speculated that clever manipulations would no longer be sufficient for success in more trying times ahead. Looking at what the data from Financial Insights predicts for 2005, as well as what data from other research organizations contacted during a series of telephone interviews shows, industry outlays on information technology will continue to outpace other noninterest expenses. Bankers will be restrained in spending, but in a measured way rather than simply holding off on making many key technology decisions, as in recent years. According to Gartner, Stamford, Conn., U.S. IT spending would top $116.7 billion in 2005. This represents modest growth, with business given to U.S.-based technology providers tapering and shifting to those based in places such as India, according to Susan Cournoyer, Gartner's Principal Analyst, global industries. What's changing for bankers is that they are in fact spending; what's changing for providers is market share, Cournoyer explains. When asked what else stood out, she had this to say: We were surprised by the continued financial services industry interest in spending on infrastructure--specifically in areas such as server consolidation or projects related to Six Sigma and efficiency, she says. We expected that activity to tail off a bit this year. There's still too much duplicity and excess capacity with infrastructure, observes Jim Eckenrode, vice-president of banking and research for TowerGroup, Needham, Mass. Banks, especially the largest, are seeking to clean it up, so that [infrastructure spending] makes sense. There was another unexpected string of facts striking Cournoyer: Namely, the rapid unwinding of mega outsourcing deals over the last year or so that centered on technology. IBM/JP Morgan Chase, CGI/Fireman's Fund, and Puerot/UBS Warburg were all long term outsourcing contracts that were terminated after having effectively just begun, she says. In all cases, the bankers involved indicated that they wanted more control and to pursue more selective sourcing options. Otherwise, Cournoyer sees universal payments as a high interest area (this is a term that refers to use of a common, thin client-server architecture throughout the bank for key payment functions instead of relying on today's fragmented approach with silos of automation and expensive manual labor.) Compliance and risk management are also generating interest and RFP proposals into 2005. A mire According to TowerGroup, the thriving retail banking sector will spend closer to 6.5% than the 4% figure representing all types of financial services firms. Still, the industry is very much entrenched in the tactical mire, says Eckenrode. Twenty of the top 100 banks are involved, to some degree, in activity related to mergers, which is always distracting. …" @default.
• W281405917 created "2016-06-24" @default.
• W281405917 creator A5087348624 @default.
• W281405917 date "2004-12-01" @default.
• W281405917 modified "2023-09-26" @default.
• W281405917 title "Spending Outlook 2005: The Analysts Weigh in as the Year of the Monkey Gives Way to the Year of the Rooster" @default.
• W281405917 hasPublicationYear "2004" @default.
• W281405917 type Work @default.
• W281405917 sameAs 281405917 @default.
• W281405917 citedByCount "0" @default.
• W281405917 crossrefType "journal-article" @default.
• W281405917 hasAuthorship W281405917A5087348624 @default.
• W281405917 hasConcept C10138342 @default.
• W281405917 hasConcept C138885662 @default.
• W281405917 hasConcept C144133560 @default.
• W281405917 hasConcept C145097563 @default.
• W281405917 hasConcept C162324750 @default.
• W281405917 hasConcept C162853370 @default.
• W281405917 hasConcept C17744445 @default.
• W281405917 hasConcept C187736073 @default.
• W281405917 hasConcept C199539241 @default.
• W281405917 hasConcept C27206212 @default.
• W281405917 hasConcept C2776911728 @default.
• W281405917 hasConcept C2781426361 @default.
• W281405917 hasConcept C2983355114 @default.
• W281405917 hasConcept C39549134 @default.
• W281405917 hasConcept C61783943 @default.
• W281405917 hasConceptScore W281405917C10138342 @default.
• W281405917 hasConceptScore W281405917C138885662 @default.
• W281405917 hasConceptScore W281405917C144133560 @default.
• W281405917 hasConceptScore W281405917C145097563 @default.
• W281405917 hasConceptScore W281405917C162324750 @default.
• W281405917 hasConceptScore W281405917C162853370 @default.
• W281405917 hasConceptScore W281405917C17744445 @default.
• W281405917 hasConceptScore W281405917C187736073 @default.
• W281405917 hasConceptScore W281405917C199539241 @default.
• W281405917 hasConceptScore W281405917C27206212 @default.
• W281405917 hasConceptScore W281405917C2776911728 @default.
• W281405917 hasConceptScore W281405917C2781426361 @default.
• W281405917 hasConceptScore W281405917C2983355114 @default.
• W281405917 hasConceptScore W281405917C39549134 @default.
• W281405917 hasConceptScore W281405917C61783943 @default.
• W281405917 hasIssue "12" @default.
• W281405917 hasLocation W2814059171 @default.
• W281405917 hasOpenAccess W281405917 @default.
• W281405917 hasPrimaryLocation W2814059171 @default.
• W281405917 hasRelatedWork W115693293 @default.
• W281405917 hasRelatedWork W153164595 @default.
• W281405917 hasRelatedWork W205804604 @default.
• W281405917 hasRelatedWork W2190742 @default.
• W281405917 hasRelatedWork W234949166 @default.
• W281405917 hasRelatedWork W242203279 @default.
• W281405917 hasRelatedWork W255817735 @default.
• W281405917 hasRelatedWork W257605986 @default.
• W281405917 hasRelatedWork W267666793 @default.
• W281405917 hasRelatedWork W271261164 @default.
• W281405917 hasRelatedWork W278667255 @default.
• W281405917 hasRelatedWork W2993221336 @default.
• W281405917 hasRelatedWork W2993400329 @default.
• W281405917 hasRelatedWork W2994099284 @default.
• W281405917 hasRelatedWork W327429792 @default.
• W281405917 hasRelatedWork W330663921 @default.
• W281405917 hasRelatedWork W332119916 @default.
• W281405917 hasRelatedWork W345938140 @default.
• W281405917 hasRelatedWork W88517427 @default.
• W281405917 hasRelatedWork W178389221 @default.
• W281405917 hasVolume "96" @default.
• W281405917 isParatext "false" @default.
• W281405917 isRetracted "false" @default.
• W281405917 magId "281405917" @default.
• W281405917 workType "article" @default.