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Made In China

Made In China

Finance Sector Racheting Up IT Spending–But Not So Much In New York

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Investment in information technology (read: data centers and developer salaries) fell hard in 2008 and 2009 but is trending back up in a big way, according to a new forecast by London-based global market research agency Ovum. “Spending on IT by the financial markets industry will hit almost $90 billion by 2015, driven by strong growth in Asia-Pacific and a bounce-back in the hedge funds sector,” according to a press release.  Read More