Digital Vortex in Financial Services: A Cisco Study & Interview by LTP

Digital disruption has become an unavoidable reality for various industries. The Global Center for Digital Business Transformation, a joint initiative of Cisco and IMD, conducted a research to understand the nature and speed of this global disruption that took place in April and May of 2015. Participants of the survey included 941 executives in 12 industries, including 165 financial services executives. The survey was aimed to give an understanding of the impact, timing and means of disruption predicted for their industries and companies over the next five years.

As stated in the official report, qualifying companies were for-profit organizations with 500 or more employees worldwide. Qualifying respondents were directors through CXOs (Chief Experience Officers) in a mix of functional roles. Surveys were conducted in local languages in over a dozen top-ranked GDP economies, including Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, the UK and the US.

The 12 surveyed industries were CPG & manufacturing, education, financial services, healthcare, hospitality & travel, media & entertainment, oil & gas, pharmaceuticals, retail, technology products & services, utilities, and telecommunications. We combined our primary research data with secondary data on venture capital flows and the digital technology trends shaping each industry. Analysis revealed a snapshot of how close industries are to digital disruption (complete digitization) as well as the vectors or factors most likely to impact each.

Explaining the goals for this study and the reason it is relevant and important, Joseph Bradley, Vice President of IoE Global Practice at Cisco Services, shared some of his thoughts with LTP Co-founder Amit Goel in an exclusive interview:

Everyone is talking about the explosion of the digital. Whether you are talking about the number of devices being connected every week, 30 million—or my favorite: 5 TB of data, per person by 2020—that is an equivalent of everyone sitting at home watching 30 days of your favorite HD video. But the key question here is: ‘What are we doing with it?’ Big data is worth absolutely nothing without big judgment. It's the ability to act ...

MOST POPULAR

To read this article, create a free account

Already a member? Log in


Annual Subscription

12-month access to 10,000+ insights, research reports, a database of 13,000+ FinTech companies, and a live global community.

$26/mo

TRY FREE FOR 7 DAYS

SKIP TRIAL

instant access to reports and global community along with donation to COVID-19 fund.

Quarterly Subscription

12-month access to 10,000+ insights, research reports, a database of 13,000+ FinTech companies, and a live global community.

$49/mo

TRY FREE FOR 7 DAYS

SKIP TRIAL

instant access to reports and global community

--------------- Reasons to buy ---------------

Understand the “Why” Behind the “What”

MEDICI offers data-driven, original, unique, and forward-thinking content to understand the “why” behind the “what”

10,000+ insights, 100+ research reports, and 1,000+ videos based on data, collected and processed by top-in-class researchers with over seven years of experience in the financial service industry.

Actionable Insights

We do not stop at the data; we analyze it and extrapolate actionable insights that shape and forecast market trends. All of our pieces are neutral, authentic, and unique – this means that you can’t read them anywhere else!

Data Visualization

We do also care about design. It’s why our infographics are the most-used ones in company reports and the most shared ones on social media.

Growing Proprietary Database of 13,000+ FinTech Companies

We have one of the largest databases with more than 13,000 company profiles listed across 60+ verticals! The database contains primary data collected in two ways:

Through our Global Listening Engine – a proprietary algorithm able to extrapolate and collect data across numerous sources

Directly from FinTechs – thanks to the onboarding flow through which companies can list themselves on the most used database for venture capital in the industry

Join the Largest Global FinTech Community

You will be added to our private WhatsApp Channel with more than 200 FinTech leaders across the globe, where we engage in discussions around various financial services topics daily. After a few clicks, you’ll get to know the whole community, including the MEDICI team – you can ask questions, suggest topics, and get behind-the-scenes insights

Q&A

What is MEDICI Inner Circle™?

MEDICI Inner Circle™ is the membership you need to freely access all MEDICI content, which includes insights, research reports, videos, startup knowledgebase, and the members-only community for live engagement.

What topics do you cover?

We cover more than 60+ sub-segments in FinTech – but we do not stop there; we also cover topics beyond FinTech, such as InsurTech, RegTech, PropTech, WealthTech, BankTech, AgriTech, and the enabling technologies enabling innovation such as AI, Blockchain, etc.

What do I get if I buy the membership? Is there a difference between being a free subscriber and being a member?

By becoming a member, you will unlock all the content on our website. A free subscriber gets access to only 5% of what we publish on the web-site. Paid members also get preferred access to our live events, and exclusive access to the members-only community for live digital engagement.

Do you have a discounted plan for students?

Yes. Please write to us at innercircle@goMEDICI.com.

Do you have an enterprise plan for corporates or groups?

Yes. Please write to us at innercircle@goMEDICI.com.

Do you offer refunds?

We offer a 7-day free trial during which you can access all of our data, insights, and analyses. You can cancel the subscription any time before the end of the free trial period. However, we do not offer refunds.

Unlock this article by signing up for MEDICI Inner Circle

--------------- OR ---------------