Obsolete and redundant software is a major drain on companies' information technology budgets, according to a survey by Business Performance Management Forum.

Among 226 IT professionals and C-level executives surveyed, more than 40 percent estimated that unwanted applications drain more than 10 percent of their IT budgets, while 10 percent estimated the real cost to be more than 20 percent, according to the report, "Software Drain or Business Gain: Assessing Application Value, Relevance and Cost to Your Company." Seventy percent of respondents said that their companies have redundant, deficient or obsolete applications on the network, and the problem is even more serious in companies with revenues over $500 million, BPMF said.

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