#DigitalDisruption: Process Replacement vs. Process Re-engineering

Behold! The first Alphacution video, with our good friend Jim Jockle, Chief Marketing Officer, Numerix.

Before you move on to the video, I wanted to add a few comments: In this segment, I emphasize that one of the key challenges faced by large financial organizations – primarily thinking of the largest global banks, since this has been where we have focused much of our analysis and modeling of late – is process refinement or process re-engineering; that the innovation that these banks are most challenged with is more process oriented.

The point here is in response to the first question of the following video: Digital Transformation needs to be clearly distinguished from typical, run-of-the-mill change management. Digital transformation involves radical change. Digital transformation is NOT about process refinement, process re-engineering, or a common change management exercise. Digital transformation involves process replacement.

By | 2018-02-28T16:37:34+00:00 March 8th, 2016|Alphacution Feed|

About the Author:

Paul Rowady is the Director of Research for Alphacution Research Conservatory, the first digitally-oriented research and strategic advisory platform uniquely focused on modeling and benchmarking techno-operational dynamics, and the business impacts of those decisions, in and for the global financial services (FSI) ecosystem. He is a 30-year veteran of the proprietary, quantitative / automated and derivatives trading arenas with specific expertise in strategy research / implementation, risk management, and technology development. Contact: feedback@alphacution.com; Follow: @alphacution.