Align Training With Strategy
Elaine Miller (pictured at right), Financial Services Managing Director, PricewaterhouseCoopers
With regulatory pressure and technological advancements accelerating the pace of change in the industry, IT is emerging as a critical lever to growth, competitive differentiation and risk mitigation. Thus, we find that today's most pressing IT training needs align directly with overarching enterprise priorities, including compliance, big data and digital technology. From a compliance standpoint, embedding a robust, systemic understanding of how to leverage IT capabilities to automate critical processes, monitor liquidity requirements, enhance transparency and the like can substantially reduce risk exposure and streamline expenses. In the vein of cost containment and integration, we are seeing a trend toward consolidation and shared services.
For companies choosing that path, IT training focused on ensuring knowledge capture and transfer is absolutely essential. Additionally, as the digital economy continues to redefine how offerings are developed and delivered, a recent PwC study found that less than 20% of the sector believes their organization has the requisite skills to optimize the potential of mobile platforms. The payoff for investing in IT training and infrastructure is significant. According to our research, organizations that closely link technology and business strategy and promote strong collaboration between the C-suite and the CIO are four times as likely to be top performers.
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Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio