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The Unexplored Side of the Innovation Equation

Authored by – David Rovick Arrojo, Associate Consultant - Data and Strategy, London

The key to innovation goes far beyond invention and requires leveraging purpose to motivate workers. Read our tips for encouraging your natural innovators.

Financial Services firms have traditionally been hesitant to innovate. However, regulation and changing customer expectations are driving rapid advancements in the industry, much of this enabled by technologies like cloud and microservice architectures. In addition to this, big data tools will enable useful insights to be drawn from data using algorithms that would have taken legacy systems months or even years to run. To remain competitive throughout this fundamental transformation, firms can learn from some of the most successful organisations in the world today. Ranging from tech giants like Google and Facebook to entertainment conglomerate The Walt Disney Company, they have understood and successfully applied these innovative ideas for decades.

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