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3 Major Challenges Financial Institutions Face When Implementing Business Insight Technology

Strategy Driven

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. A Resistant Culture. This kind of resistance is possible across different levels of the enterprise, from upper management to rank-and-file banking staff.

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0511 | Larry Downes: Full Transcript

LDRLB

In a better and cheaper world, you use the term big bang disruption or the sort of shark fin to describe what this model looks like, that you scale up to those early adopters becoming the majority way quicker than you can predict nowadays. We’re trying to figure out why some industries seem to be more resistant to others.

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Most Industries Are Nowhere Close to Realizing the Potential of Analytics

Harvard Business Review

In many cases, the culprit is a gap between launching a few analytics experiments and embedding these insights into the operating model of the larger organization. Merely layering powerful technology systems on top of existing operations is not enough. Another critical piece of the puzzle is acquiring the right capabilities.

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Coming to Terms with the Consumerization of IT

Harvard Business Review

Newly minted college grads face resistance to bringing their own devices to work, have to collaborate with ancient tools that lack basic Google Docs functionality, and face social media policies crafted by clueless legal teams without an understanding of the social psyche. IT and business leaders need to work together and operate in parallel.

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A Survey of 3,000 Executives Reveals How Businesses Succeed with AI

Harvard Business Review

And AI success stories are becoming more numerous and diverse, from Amazon reaping operational efficiencies using its AI-powered Kiva warehouse robots, to GE keeping its industrial equipment running by leveraging AI for predictive maintenance. Resist the temptation to put technology teams solely in charge of AI initiatives.

Survey 15
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Guest Post: Change Management Models

Change Starts Here

Some of us are “innovators” or “early adopters” whilst others are “laggards” The vast majority of us sit in the middle of the population as “The early or late majority” Again this is a people led model of change. Some resistance is inevitable, how will you overcome it?

ADKAR 60
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Improve Decision-Making With Help From the Crowd

Harvard Business Review

For a number of years IBM has provided a forum to exchange new ideas for IT systems and apps: the “ Technology Adoption Program ” is a website where innovators can test their projects with early adopters and prove business value through adoption. It will surely meet resistance. Decision making Operations'