13 Nov
2018

Digitization Creating Value in Asset Management

The shift to the digital economy is imminent and is impacting every industry. Learn more about how asset managers create value through digitization.

Smart Factory
Digitization Creating Value in Asset Management

The shift to digitization is on the agenda of a raising number of companies in various industries. McKinsey published an article discussing how asset managers, who were described as digital laggards, can achieve what is referred to as digital alpha to better compete in the digital economy. Insights from the article are derived from the company's Performance Lens Global Asset Management Survey, encompassing 300 firms worldwide. Out of these, only a rough 20 were considered as asset managers creating digital alpha.

 

We've highlighted some insights as to what led to these firms' success:

 

What is it that these leaders have in common, allowing them to generate greater value?

  1. They encourage a close partnership between technology and operations functions;
  2. Digital leaders are opting for two-speed technology strategies, meaning that they vigorously attack costs and technical debt all while investing in next-generation technical capabilities and operations models;
  3. Operations and technology capabilities are placed at the core of strategic differentiation.

 

How does one become a digital leader?

  • Tone from the top - In these firms who have seen digital success, leaders pointed how both the CEO and CIO had made digital transformation initiatives a priority within the organization.
  • Make the first "at-bat" count - Approach it as a journey. Having a signature initiative engaging multiple parts of the organization and depicting a significant transition between old and new realities will contribute to convincing the skeptics.
  • Keep scale in mind throughout - Building agile and cross-functional teams will be of the essence to rapidly scale capabilities through flexible and reusable technologies.

 

To learn more about interesting topics such as transforming the client experience, improving investments and delivering a superior financial performance, we strongly encourage you to click here for the full editorial.

Want to learn more?
Download the ebook
Related blog articles

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
22
May 2019

Quel type de leader 4.0 êtes-vous?

French
23
Oct 2019

How To Know If You Are Receiving Reliable Data from Your Production Line

English
19
Apr 2021

Learn How to Improve Raw Materials Yield by Connecting Your Scales and Checkweighers

English

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
25
Apr 2024

How to Analyze Throughput Rate

Throughput rates are an important measure of factory performance. Not only does throughput indicate whether the factory can meet customer demand, but it's also an indicator of overall plant efficiency.

English
15
Apr 2024

Les meilleurs outils d’amélioration continue pour les entreprises manufacturières œuvrant dans le secteur agroalimentaire

Dans le paysage concurrentiel du secteur agroalimentaire, la mise en œuvre de méthodologies d'amélioration continue n'est pas seulement un choix : c'est une nécessité pour rester compétitif.

French
11
Apr 2024

Votre guide en matière de contrôle statistique du processus (CSP)

En tant qu’entreprise manufacturière, il est essentiel de comprendre le contrôle statistique du processus pour survivre et prospérer dans l’environnement hyper-compétitif d’aujourd’hui.

French