Of all the changes confronting asset managers, perhaps none has more potential to transform the industry than the rise of digital technologies. Today’s Digital Revolution is customer-led, rather than business-led, resulting in a shift in firms’ orientation, from selling a product to selling to a client. Creating this shift are digital technologies. Social media, mobility, analytics, big data and cloud have reached a level of maturity where, in combination, they are disrupting the ecosystem and putting traditional revenue and profit at risk.
While many asset management firms have moved to adopt digital technologies, few have effectively integrated them into the investment management lifecycle, confirming the fact that digital transformation is one of the central challenges firms face today.
In this report, we outline how asset management firms can undertake digital transformation—and do so quickly.