Information technology is an essential and integral part of the financial services industry, with annual spend equal to one fifth of total IT spend. It seems very strange then that financial institutions are facing many problems with their IT systems that can't seem to keep up with the fast advances in financial products.
The sheer size of the government, on federal, state, and local levels, necessitates smart thinking when planning and executing IT strategies. Business processes need to be defined and made efficient. Technology needs to be scalable, and Processes need to display both transparency and accountability.
The healthcare sector is suffering from high-volume data, waste of resources and rampant fraud and system abuse. It is also struggling with the need to safeguard patients' Protected Health Information, which needs to be accessed only by authorized people and only when needed. Access to this kind of information however, even when justified, is a challenge all on its own, as it is spread across health networks and inter-agency healthcare programs.
Law firms, in the first place, are businesses whose practices need to be modernized and streamlined. The technologies that aid in achieving that goal run along two lines.