NEW TECHNOLOGIES: DESTRUCTION OR NEW OPPORTUNITIES? OR BOTH…

Thierry Derungs ()
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Thierry Derungs: BNP Paribas sa - Wealth Management, Postal: 16 Boulevard des Italiens, 75001 Paris, France, https://wealthmanagement.bnpparibas/en.html

Journal of Financial Transformation, 2018, vol. 48, 104-111

Abstract: When people mention ‘new technologies,’ they are typically referring to the ones that transform, or create, business models, and have a deep impact on the organization and/or its processes. Other technologies could also be complex but are in fact just a day-to-day technical upgrade. New technologies are all about innovation together with disruption and cut across the entire organization. While the first key step is to start the process, the change itself needs to be managed more cautiously and steps must be taken to ensure it is methodical, coordinated, and instituted step-by-step. In this article, I will share our experiences in practice and walk through what we have done in the artificial intelligence domain.

Keywords: new technology; innovation; wealth management (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2018
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