Findings in an October 2020 McKinsey report found that the pandemic has propelled the creation of digital or digitally enhanced offerings forward by up to 10 years for organisations in the Asia-Pacific region. Meaning that digital transformation initiatives with a 10 year roadmap were completed in 2020. For large organisations in banking, finance and insurance, this was a huge undertaking. They had to rethink how they were managing fundamental things like their software infrastructure, how they were servicing their apps, and they needed to pick a tool or mechanism to help drive their digital transformation.
Connecting brands with IT.
Once an organisation adopts consumption-based services, empowering employees to make educated financial decisions requires buy-in from finance. To understand what a reasonable dollar figure is, technology and finance teams need to jointly develop standard policies across the board.
The sheer volume of data generated by modern monitoring systems can be overwhelming for most organisations. For tech teams, trying to understand how the technology they’re managing is impacting their customers or end users isn’t a straightforward process.