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3 Major Challenges Financial Institutions Face When Implementing Business Insight Technology

Strategy Driven

If you’ve been in the market for new business insight technology, such as a financial services analytics solution, the benefits of these are obvious. But you must also remember that any new technology you onboard will bring change to your bank’s operations—some of which isn’t welcome just yet.

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Master the Four Fields of Leadership

Skip Prichard

Leadership is shifting as we grapple with technology changes, shifting market realities, new business models, and unpredictable outside forces. And that’s a systemically, fundamentally different kind of role; it’s a bigger and more complex role than the traditional view of a leader as the person who tells people what to do.

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Yes, Managing IT Is Your Job

Harvard Business Review

In order to see the future more clearly, it''s almost always helpful to look back — and this certainly goes for IT and its ever-increasing impact on operations, and ultimately on competitive advantage. It told how American Airlines and others had introduced systems to help their customers choose their products and services.

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A Board Director's Perspective on What IT Has to Get Right

Harvard Business Review

As many companies move from exclusively internal focused R&D to distributed-innovation systems (e.g., online idea markets), the center of expertise for innovation support, and analysis across the enterprise. Improving Operational Efficiency. The New CTO: Chief Transformation Officer. IT Doesn''t Matter (to CEOs).

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Leading in a World of Resource Constraints and Extreme Weather

Harvard Business Review

And as an HBS white paper points out, even some of today’s most mainstream executives — from the CTO to even the CFO — were once just new positions created to deal with “significant opportunities and risks emerging from technological or social disruptions.” The Future of Operations. Insight Center.

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Do You Have the IT For the Coming Digital Wave?

Harvard Business Review

IT is already being asked both to industrialize traditional infrastructures and systems fast to save costs, and to innovate customer experiences and operations with new digital technologies. It requires new modes of operation. 57% of digital leaders use both marketing and IT as primary drivers of digital governance.

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Why CIOs Make Great Board Directors

Harvard Business Review

How old are the core systems or platforms? “Companies that don’t recognize that they need to invest in new technology end up with more and more legacy systems,” says Jordan, “which are a breeding ground for risk.” The CIO is a system integrator, so he or she envisions all the critical connections.”

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