Spending on risk management software expected to slow

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Spending on risk management software expected to slow

free_244054  computer key boardSpending on risk IT software is expected to slow according to IDC Financial Insights, which has experienced a 5.45% compound annual growth rate.  Corporate budgets are expected to shrink due to current economic challenges and the expectation that most of the IT projects are completed or close to completion.

Risk IT spending is still expected to exceed $80 billion by 2017 with an emphasis on credit analytics, enterprise risk management, compliance, and information security.  Michael Versace, IDC Financial Insights global research director, “At the same time, executives continue to look for risk technology investment value over the long term by establishing a standard for building risk management into all strategic, business IT, and operation IT initiatives, versus being reactive or bolting on initiatives after the fact.”

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