Asset Management Industry Findings
The Harvey Nash/KPMG CIO Survey is the largest IT leadership study in the world, with almost 4,000 respondents across 84 countries, representing over US$300bn of IT budget spend.
This Asset Management industry snapshot provides survey responses from more than 100 IT leaders on some of the key topics, and highlights several areas where this industry’s responses differed significantly from those across all industries.
The key topics include digital strategy, budget and priotities, customer capabilities and Technology and Innovation. Explore the full findings in this Asset Management key sector report.
Wealth and Asset Management firms say they have made some good progress with internal capabilities but have been unable to harness digital technologies to advance client experience and operational efficiency capabilities as much as they hoped.
Achieving scale, efficiency and an improved client experience are fundamental for Wealth and Asset Management firms to succeed in today’s landscape. This will require CIOs to direct investment towards the right technology in the right order and seamlessly integrating the solutions. Digital labor and automation initiatives need to move from prototyping to generating cost savings and into real customer outcomes. CIOs should also start thinking about the value of data they hold and how they use this for the betterment of their clients.
The good news is that Wealth and Asset Management CIOs are entrusted with an increased budget, so it’s an ideal time for them to define their technology strategy and pivot their budget towards providing maximum ROI for the business.
© 2019 KPMG Advisory, a Belgian civil CVBA/SCRL and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.