Grainger-Smith, N.; Oppenheim, C.: ¬The role of information systems and technology (IS/IT) in investment banks (1994)
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- Abstract
- Considers the role of information systems and information technology (IT) within investment banks, based upon a survey of the literature and a small scale case study. Considers whether investment banks receive value for money from their investment in IT, and ways in which IT can be evaluated for its contribution to profitability. Concludes that failure to implement techniques for systematically identifying and qualifying IT costs and benefits has mede it difficult for them to determine the level of added value resulting from such investment and the contribution of IT towards the bottom line. Considers also what role technology plays in the strategic management process and concludes that it is essential to incorporate both information and IT strategy into the strategic management process, to ensue that IT is cooncentrated in those areas in which it cann add most value. Finally, considers the potential for deriving competitive advantage from IT
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