07 Sep Event: 10th October Cloud
About the club
The Boardroom is a global network of senior executives working within the world’s largest and most innovative businesses. We collaborate on the issues our community are facing and bring practical insights and ideas to your challenges. Membership is free and by invitation only. Join us and become part of this global network.
- Gain insights and ideas from thought leaders in your field
- Benchmark your own plans within a collaborative and confidential environment
- Network with this exclusive group of senior executives within the world’s largest companies.
The problem for incumbent Financial Services firms is that digital transformation, even if done well, will only maintain shareholder value, not increase it. The advantages secured by digitalisation will be matched by new competitor capabilities and rising customer expectations. To grow shareholder value Financial Services companies need to develop new business models, new capabilities and new competitive advantages.
That’s not easy. As a senior executive (whether in IT or not) one of the core issues you face is a centralised technology structure. It has been a strength in the past, but now those complex and finely-honed, yet silo’d systems are a poisoned chalice. To evolve, you must ensure your technology strategy re-writes the rule book. It is not enough to simply digitise existing models and processes.
There are some quick wins; an example being the cloud. Once considered to be a no-go area due to compliance and security issues, a recent study by IDC concludes that hybrid cloud will be adopted by 80% of Financial Services institutions across Asia Pacific by 2020. Our reservations surrounding security and regulation have been thrust aside; the emergent view is these threats are actually reduced by migrating to the cloud.
But this is just one area. At this Boardroom Club dinner we will be asking:
- What is the best technology strategy to drive shareholder value?
- What can the IT function do in 2018 to drive short term gains?
- What are the priority technology investments for 2018?