“BFSI IT budgets remained relatively unchanged in 2013 and influenced the rise in contracts, explains Jimit Arora, Vice President at Everest Group. The dual mandate for CIOs, or the philosophy of reinvestment, where because IT budgets are largely flat, clients are looking at ways to economize (drive greater efficiencies in their legacy environment), and use those savings to invest in transformational next-generation IT.” Read More.
