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Stock impact report

How Compliance And Cost Reduction Are Funding Data Transformation [Forbes]

Crawford & Company (CRD.B) 
Last crawford & company earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: us.crawfordandcompany.com
Company Research Source: Forbes
How Compliance And Cost Reduction Are Funding Data Transformation Photocredit: Getty by Randy Bean and Andrew Sohn As much as Chief Information Officers (CIO) and Chief Data Officers (CDO) would like to be perceived as revenue generators and growth enablers within their organizations, the reality is that they control and account for a significant proportion of corporate expense.  At a moment when firms are embarking on data-driven transformation initiatives -- often in response to fears of disruption from AI and data-driven FinTech and big tech competitors -- legacy firms face a paradox. For these firms, data transformation efforts are largely being funded under the auspices of compliance and cost reduction mandates.   Although CIO’s and CDO’s aspire to be on the offensive in using data to drive revenue generation and business growth, it is defensive initiatives that are providing cover for forward-looking transformation ambitions. How do technology and data leaders ensure that non-re Show less Read more
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