Data Management Spending on the Rise

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IT budgets are expected to go up by nearly 6% this year, and enterprise data management is one of the areas firms are increasingly prioritizing, according to a report on capital markets technology spending planned for 2011 by Aite Group.

The findings were made based on interviews with chief information officers about budgets, priorities, stakeholders and infrastructure efforts.

In the Aite Group report, 55% said their firm will be spending more on reference data management this year compared wit