LONDON, Sept. 28, 2020 /PRNewswire/ — Financial services firms relying on technology upgrades to make them more competitive and profitable must review their exploration stages to ensure success, according to new research from Greenwich Associates, commissioned by Finastra.
The new report series, Ensuring Successful IT Transformations in 2020 and Beyond, examines technology transformation firms and the critical elements involved. It identifies the key drivers of success to help financial services companies complete their transformations effectively, on budget and on time.
For instance, almost half of technology executives believe that better defined scope and goals are needed to improve success rates in technology transformation programs, and 31% noted that setting realistic timeframes and budget would improve the ability to meet their strategic objectives.
Key findings focus on ensuring success in major technology projects:
Technology professionals at some of the world’s largest financial services companies report that the