Restarting The Annual Climb: This Year Seems Different
April 1, 2011
Patterns are very much like habits, good or bad, they tend to recur. We find, no matter how the economic or regulatory climate is leaning, embarking on Operational Infrastructure change initiatives tends to follow a cycle that revolves around the annual calendar. Projects typically kickoff at the beginning of the year and conclude by year end. The most plausible reason for this has to do with the annual planning and budgeting process; and with the employee compensation cycle. Also projects tend to get completed around Thanksgiving, as people want to simply enjoy the holiday season and ride out the remainder of the year in a festive mood. While 2010 ended in a similar fashion to any other year, 2011 started much different. There seems to be urgency in the air. A confluence of factors could be causing this – pent up needs, an improving economic climate, Dodd Frank kicking-in, to name a few. Whatever the cause is, we are noticing that many firms are taking actions earlier in the year including starting and fast-tracking technology projects. If the first 3 months of the year is any indication, 2011 might just be the beginning of a multi-year cycle of Operational Infrastructure renewal. Stay tuned!!
The articles within IntegriNEWS are written by IntegriDATA’s senior consultants, who are renowned industry experts, with an average of 20 years of experience in a wide range of key business and technology roles at leading global financial institutions. We welcome suggestions for future articles as well as feedback on the newsletter in general.