Advanced IT Strategies Digital has become the pulse of banking customers’ interactions, and it continues to influence their behavior and needs, but with almost half of banking consumers using only digital channels for their transactions, expectations are outpacing experiences at most organizations. Are banks and financial institutions ready for the rise of the digital-only consumers?
Advanced IT Strategies In this new era of industrial revolution, senior executives cannot afford to ignore the importance of digital innovation and its impact on the business environment, the management of organizations and the entire value chain. From IT and operations to how companies compete, they must manage where innovation comes from and how organizations engage with consumers.
Advanced IT Strategies The Internet of Things (IoT) market continues to gain momentum, both growing in total connections and into new business and consumer application segments, but still CIOs and other IT leaders diverge on what are the real benefits of this technologies for the business and, mainly, what are the potential risks.
Advanced IT Strategies Blockchain holds plenty of promise for security and interoperability, but IT leaders are still trying to better understand the technology and how to put it to use. This much-hyped technology has an incredible power to disrupt many industries, but exploring Blockchain is still more about understanding the potential benefits and issues of an underlying technology.
Advanced IT Strategies Customers, entrepreneurs, banks and financial institutions in general have all felt the sudden impact of FinTech over the last few years. In fact, banks are expected to invest more than $20 billion on technologies in 2017, and the regulatory challenge is one to receive a piece of this investment. RegTech is one of the most recent technologies involved in the FinTech and financial services digital revolution.
Advanced IT Strategies Digital has become the pulse of banking customers’ interactions, and it continues to strongly influence their behavior, expectations and needs. Yet, banks are still vulnerable as the new digital customers still find difficulties in solving issues regardless of the channel they use. How can banks enhance customer engagement and leverage this new digital opportunity?
Advanced IT Strategies Everyday more companies are adopting or planning to adopt artificial intelligence as a growth tool in different industries. Counting on a wide range of applications, AI is set to be one the main business and social changing forces of the new digital age.
Advanced IT Strategies Digital transformation will change the way consumers and suppliers relate and behave. The range of offerings will become more complex. More than ever, IT executives must be aligned with business and use today’s digital technologies wisely to help companies finesse the trade-offs between complexity’s costs and benefits.
Advanced IT Strategies Banks have traditionally been considered pioneers of process automation, but they are currently in the background of today’s digitized, customer-driven financial services landscape. The disruption of traditional banking grows stronger worldwide, and banks must reinvent their services to meet today’s device-obsessed consumers expectations.
Advanced IT Strategies Banks are struggling to survive through the digital age. In order to compete with FinTechs, regulatory mandates and consumer requirements, banks must be able to plug-and-play into the digital business ecosystem to recover market share and reassure their value proposition. Financial institutions and banks need a new strategic mindset for their business in 2017 and beyond.
Advanced IT Strategies There is absolutely no doubt that many transformational technology trends that will shape the future of businesses and society as we know it will gain strength and speed in 2017 and will go beyond this year, but many extremely important game-changing technologies that will cause extreme disruption this year are not getting the proper attention.
Advanced IT Strategies The Fourth Industrial Revolution brought the convergence of the physical and cybernetic worlds, and the digital technologies that came along with it have created new paths of innovation that have disrupted the once known as the most traditional business model: the financial services industry. Will banks and financial institutions survive the arise of the FinTech era?
Advanced IT Strategies A new technology does more than just present more competition for an old technology. It presents a different type of competition whose value proposition does not fully overlap with the old technology offer, and that can disrupt businesses drastically.
Advanced IT Strategies The imminent and inevitable disruption caused by digital transformation calls for a new breed of CIO’s, with a different mindset and new capabilities to become one of the most strategic references from every company affected by this new digital era. But there ‘s still a path to be walked.
Advanced IT Strategies Market leaders and digital experts still don't know on who should lead digital transformation. 2017 will be a big year for the emerging digital economy, and it is time for CIO's to combine their technical knowledge with a deep market analysis on the impact and economic mechanisms of the digital disruption and, once and for all, take the lead on digital transformation.