#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 the impacts of technology on global financial markets and the businesses of trading, asset management and banking. He is a 30-year veteran of the proprietary, quantitative and derivatives trading arenas with specific expertise in strategy research, risk management, and operational development. Contact: feedback@alphacution.com; Follow: @alphacution.