Digitalization Strategy

Sven Ludwig () and Claus Stegmann ()
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Sven Ludwig: ifb SE
Claus Stegmann: ifb Americas, Inc.

A chapter in The Digital Journey of Banking and Insurance, Volume I, 2021, pp 19-33 from Springer

Abstract: Abstract This chapter illustrates the impact of technology on the financial markets’ organizations and indicates how the financial markets’ ecosystem will change over time. Subsequently, this chapter provides a cookbook-type guideline on how to transform a traditional organization into one with a digital approach. A key element is to achieve a digitalization strategy in line with the future business model of the organization. The authors conclude with an outlook of underestimated catalysts of digital transformation.

Keywords: Digitalization strategy; Digital transformation; Banking; Financial industry; Future state; Advanced technologies; Cloud; Big Data; AI; ML; Microservices; Business model; Technology investments (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-78814-8_2

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DOI: 10.1007/978-3-030-78814-8_2

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