By: Wendy Leung
A lot can happen in a year. In 2016, Roubini Thoughtlab, a leading global research firm revealed 24% of CEOs surveyed said digital transformation was unimportant. Now in 2017, 96% of surveyed industry CEOs worldwide view digital transformation as central to their businesses.
What a difference a year makes! Vanguard CIO John Marcante said, “Years ago, customers would compare financial firms like Fidelity, Vanguard, and Schwab. It’s not like that today—now they are comparing how easy it is to put money into an investment vehicle with how easy it is to use Uber or Lyft.”
This year’s report, titled Wealth and Asset Management 2022: The Path to Digital Leadership provides actionable insights into the digital future. The research was conducted with feedback from 1,503 investment providers from 15 countries globally. The results clearly demonstrate that the economics of having a digital strategy can no longer be debated. The most evident in the survey results: shifting investor expectations and what’s at stake in the struggle to emerge a digital leader.
As Lou Celi (@Rthoughtlab) shared: ‘With digital expectations rising rapidly, and a new generation of digital natives in sight, the stakes are high. This is not just about ROI, it is about survival.” Firms that move too slowly stand to lose $79 million per billion dollars of revenue a year.
So, what do firms need to do to compete against growing competition from fintechs? How do you get buy into a digital strategy? What will set firms apart in this era of digital transformation? What are the key indicators of a digital leader and the cost for lagging behind?
We’ll dig deep for answers with our panel of experts in this upcoming #OracleChat on October 12, 2017 at 12 p.m. Eastern time and 9 a.m. Pacific. We’re thrilled to have a pioneer in thought leadership and digital publishing, Lou Celi, chief executive of Roubini Thoughtlab, on our panel.
We’re particularly excited to have Fintech titan Chris Skinner (@Chris_Skinner), chairman of the Financial Services Club, joining us. Skinner was named one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News and we can’t wait to hear his unique global perspective on digital innovation.
Join me and Mark Smedley, Oracle vice president and financial services futurist, as we moderate @OracleFS, a live, one-hour #OracleChat.
Don’t miss this one! Mark your calendars for Thursday, October 12, at noon Eastern and 9 a.m. Pacific time.
#OracleChat tips:
Log into your Twitter account and follow @OracleFS.
Search for the #OracleChat hashtag and click on the Latest tab starting at 12pm ET, 9:00am PST.
Stay involved in the conversation by including #OracleChat in each of your tweets.
Include 1A, 2A, and so on, when answering or commenting on the questions.
Engage with each other. Build new connections and have fun!
Wendy Leung is marketing manager for Oracle's Industry Solutions Group.
https://blogs.oracle.com/learn-about-digital-innovation-in-an-oraclechat
from WordPress https://reviewandbonuss.wordpress.com/2017/10/07/learn-about-digital-innovation-in-an-oraclechat/
No comments:
Post a Comment