TY  - JOUR
T1  - An Investigation into Strategies Aimed at Reducing ICT Costs at the Bank of Zambia
AU - Chaamwe, Nchimunya AU - Bwalya, Edward 
JO  - International Business Management
VL  - 7
IS  - 3
SP  - 182
EP  - 190
PY  - 2013
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2013.182.190
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2013.182.190
KW  - ICTs
KW  - ICT costs
KW  -financial institutions
KW  -Bank of Zambia (BOZ)
KW  -cost reduction strategies
KW  -Zambia
AB  - The purpose of this study was to investigate strategies aimed 
  at reducing ICT costs in financial institutions, using the Bank of Zambia as 
  a case study. ICT has become one of the largest components of capital and operating 
  expenditure in most institutions including the Bank of Zambia. In the year 2011 
  alone, the Bank of Zambia spent about 41% of the total capital expenditure of 
  the budget on ICT. The study found that the causes of rising ICT costs in the 
  Bank of Zambia included investment in computer hardware, computer software and 
  ICT professional services, payments for licenses, annual maintenance and support, 
  training, staff benefits and emoluments, consultancy and upgrade costs on ICT. 
  In terms of reducing ICT costs at the Bank of Zambia, it is recommended to; 
  implement cloud computing, implement anytime, anywhere computing environment, 
  connect bank to strategic economic agents, rationalize the annual and maintenance 
  licenses of software and hardware and use an integrated Enterprise Resource 
  Planning (ERP) system.
ER  -