The Future Is Now: Investment Management’s Digital Transformation
In a new report, industry experts from Deloitte and Workday explain where the investment management industry is headed and how leaders can adapt.
In a new report, industry experts from Deloitte and Workday explain where the investment management industry is headed and how leaders can adapt.
The last few years have been challenging for some investment management firms, and getting back to high levels of growth and profitability will likely require new strategies.
To thrive, firms need to understand what drives successful strategies in the sector. That’s according to the new joint report from Deloitte and Workday “The Future Is Now: Investment Management’s Digital Transformation.”
Digital transformation brings new efficiencies and better employee experiences, data governance, and compliance capabilities. It also allows the agility to respond swiftly to whatever surprises and opportunities lie around the corner.
One thing is clear: the future belongs to the agile.
This report highlights how investment management firms can build a modernized and centralized platform, prepare their employees to be more agile, and mitigate compliance risks. Topics covered include:
In addition, tapping into the full value potential of new tools such as AI and machine learning (ML) requires a modern technology foundation that can be swiftly adapted to seamlessly integrate future innovations. But nearly two-thirds (63%) of asset servicers surveyed by Deloitte say a top challenge when launching projects involving AI is the integration of the technology with existing processes and workflows.
One thing is clear: the future belongs to the agile. Digital transformation enhances business decision support, which helps speed up product innovation and new market entry, and unlock competitive advantage.
This is a big reason why Deloitte launched InvestAcceleration, a preconfigured Deloitte solution for Workday Financial Management that helps investment management organizations standardize data, streamline financial processes, and accelerate digital transformation.
To better understand how investment management firms can proactively prepare for digital transformation, check out our latest report developed in partnership with Deloitte: “The Future Is Now: Investment Management’s Digital Transformation.”
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