Four in Five Financial Services Firms Risk Decline Without Strategic Tech Adoption, New GlobalLogic Report Finds
HITACHI LTD ADR (HTHIY)
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Source: Business Wire
New research highlights disconnect between tech investment and business value, pinpointing key areas for growth SANTA CLARA, Calif.--(BUSINESS WIRE)--GlobalLogic Inc., a Hitachi Group Company and leader in digital engineering, today released a new report, in partnership with FT Longitude, uncovering critical insights into the state of digital transformation within the financial services sector. The research reveals that despite significant investments, 80% of financial services firms risk falling behind in business model innovation, largely due to fragmented execution and a lack of unified strategy across technology, product, and compliance teams.The research, which surveyed 750 senior business leaders, identifies a pervasive challenge for financial services leaders: while ambition for digital transformation is high, many organizations struggle to translate these efforts into tangible business value and sustainable growth.“We undertook this research to better understand why, despit
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