https://community.blueprism.com/t5/Product-Forum/Ebook-4-Mega-Trends-in-Asset-Wealth-Management/m-p/95127#M44143 The asset and wealth management industries are undergoing major changes that only have been accelerating over the past 12 months. The pandemic exposed the industry to a number of issues, including dated and old operational models, regulatory risks, a lack of data-driven decision making, consolidation and an imperative to reduce costs.<BR /><BR />Leaders, in turn, must adapt, or risk being left behind.&nbsp; Roughly 50% of middle and back-office costs are still linked to personnel. Companies<BR />looking to get ahead of the coming changes will utilize technology and process to reduce costs while creating efficiencies and increasing customer satisfaction. “Hyperautomation has shifted from an option to a condition of survival,” said Fabrizio Biscotti, research vice president at Gartner. “Organizations will require more business process automation as they are forced to accelerate digital transformation plans in a post-COVID-19, digital-first world." Thu, 23 Jun 2022 09:47:23 GMT Brian_Hesse 2022-06-23T09:47:23Z https://community.blueprism.com/t5/Product-Forum/Ebook-4-Mega-Trends-in-Asset-Wealth-Management/m-p/95127#M44143 The asset and wealth management industries are undergoing major changes that only have been accelerating over the past 12 months. The pandemic exposed the industry to a number of issues, including dated and old operational models, regulatory risks, a lack of data-driven decision making, consolidation and an imperative to reduce costs.<BR /><BR />Leaders, in turn, must adapt, or risk being left behind.&nbsp; Roughly 50% of middle and back-office costs are still linked to personnel. Companies<BR />looking to get ahead of the coming changes will utilize technology and process to reduce costs while creating efficiencies and increasing customer satisfaction. “Hyperautomation has shifted from an option to a condition of survival,” said Fabrizio Biscotti, research vice president at Gartner. “Organizations will require more business process automation as they are forced to accelerate digital transformation plans in a post-COVID-19, digital-first world." Thu, 23 Jun 2022 09:47:23 GMT https://community.blueprism.com/t5/Product-Forum/Ebook-4-Mega-Trends-in-Asset-Wealth-Management/m-p/95127#M44143 Brian_Hesse 2022-06-23T09:47:23Z