Four technologies with the potential to drive transformation
At its core, AI is about data and scale. When you operate at scale, you process more data—which enables machines to detect patterns and learn faster. Capital markets is the most data-sensitive segment of the financial industry and one of the largest spenders on AI and RPA technology.
39% of larger financial firms are actively implementing blockchain initiatives.
The real value of blockchain comes from the network. Blockchain is a distributed ledger—a database of shared records between two or more parties. Details are verified, locked-in, and synchronized. Designed in a way in which everyone benefits, this network offers better security, increased transparency, and more efficient business processes.
94% of the largest financial services firms (assets or AUM over $250 billion) are well into implementation of their cloud strategy. |
With the Cloud, most people think about the infrastructure and platform, but the real power comes in how firm’s structure, configure and apply solutions to solve specific business problems. Cost-savings is key, but the Cloud is also about creating an open architecture that allows firms to be more agile and flexible as they pursue innovation.
In the current environment, most financial firms are increasing their investment in digital interaction.
Digital and data go hand-in-hand—and together, they form the foundation for business transformation. Digitized workflows and experiences deliver value on their own. Digitization also fuels the full suite of next-gen technologies, from artificial intelligence and robotics to blockchain and the Cloud.
Rethink innovation
95+% of financial firms see value in co-developing AI with other firms and partners. |
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