The Digital Transformation Journey in the Investment Management Industry

This IDC White Paper highlights the key market pressures being exerted on investment management firms and how this requires a rethinking of the way these organizations manage primary and support functions such as human resources (HR) and finance. Scaling the business geographically and diversifying both vertically and horizontally provides new revenue streams and economies of scale, and enables the business model to evolve incrementally. A more radical transformation and digitization of the business model is required, however. The paper explores how digital transformation (DX) is enabling investment management firms to reinvent their business models, highlighting five key industry trends and drivers for investment management firms to remain competitive:
1. Expanding through new markets and alternative products
2. Accessing new segments
3. Unlocking inefficiencies in the back office
4. Dealing with the constant regulatory burden
5. Balancing customer intimacy and scale