Digital Strategy Transformation Roadmap 2019: Bank, Asset Management, Insurance Company Approaches
Digital transformation is shifting business models and driving new revenue opportunities. In fact, IDC has estimated that digital transformation will generate $18 Trillion in added business value for organizations and Gartner projects that digital transformation will support 36% of overall revenue by 2020 with 66% of individuals also expecting to gain more revenue from Digital overall.
However, today, only 19% of leaders feeling they have the right technology in place and 14% the right processes to execute their digital strategy, according to Forrester. This indicates that there is still a significant amount of ground to cover in the enterprise wide business approach to Digital transformation, especially within financial services and insurance where the last decade has been spent on running the business initiatives and costly regulatory and compliance challenges