For all the wonderment Walter Wriston saw in the power of information systems, the legendary banker also had his doubts about corporate America's ability to harness it.

The former Citibank chairman, in a piece published in American Banker in 1987, observed that "the time needed to bring up major new systems in today's world is no longer measured in months, but in years, and the capital required not in millions, but hundreds of millions of dollars. In the meantime, the world does not stand still, and people playing catch-up are pursuing a moving target that they may never catch."

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