Are You Keeping Up With The IT Market Place?

photo credit: kevin dooley via photopin cc

photo credit: kevin dooley via photopin cc

Following on from my previous blog post, I am going to relate a rather extreme story of what happens when you fail to keep up with the IT market place, fail to update your software and keep your IT portfolio current.  This is a real story that occurred in a bank.

 
Many years ago a financial sector organisation had installed and successfully used a piece of software for supporting controls and management reporting.  The software had initially been developed by a group of programmers in a smaller independent company, it was successful and was adopted by perhaps 30 or more institutions.