The Future of IT in Finance

The Future of IT in Finance

An End User Perspective, U.S., Europe, and Latin America

RELEASE DATE
29-Sep-2015
REGION
North America
Research Code: NE9D-01-00-00-00
SKU: IT00749-NA-CR_02038
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Description

The financial industry is a dynamic, ever-changing one due to new regulatory requirements and dependence on the world’s economy. This study explores the challenges for IT departments, most effective technologies in meeting business challenges, and future investments.

Table of Contents

Major Challenges for IT in the Financial Industry

Major Challenges for IT by Company Size

Major Challenges for IT by Region

  • North America
  • Europe
  • Latin America

Major Challenges for IT by Type of Organization

  • Banking
  • Insurance
  • Other Finance

Primary Drivers for IT Investments

Primary Drivers for IT Investments by Company Size

Primary Drivers for IT Investments by Region

Primary Drivers for IT Investments by Type of Organization

Current Usage of IT

Current and Future Usage of IT

Current Usage of IT by Company Size

Current Usage of IT by Region

Current Usage of IT by Provider

Technology Deployment

Frequency of Technology Use within the Organization

Effectiveness of IT in Addressing Top Business Challenges

Business Challenges

Technical Note: Understanding Perceptual Maps

Perceptual Map: IT and Influential Attributes: Financial Industry

Communications Infrastructure, Current Usage

Communications Infrastructure, Current and Future Usage

Reasons for Not Using Certain IT Solutions

High Security Risks

Criteria When Selecting a Cloud Provider

Criteria When Selecting a Cloud Provider by Company Size

Criteria When Selecting a Cloud Provider by Region

Attitudes toward Use of Cloud Computing/Hosted Communications

Satisfaction with Cloud Computing Use by Company Size

Satisfaction with Cloud Computing Use by Region

Attitudes Toward Cloud Computing by Non Users

IT Deployment in the Cloud

Current Deployment of IT in the Cloud Industry

Use of Customer-Facing Social Media

Implementation of Customer-Facing Social Media

Current Implementation of Customer-Facing Social Media by Company Size

Effectiveness of Customer-Facing Social Media to Increase the Organization's Revenues

Use of Social Media for Internal Collaboration

Implementation of Internal Employee Collaboration Social Media Strategies

Internal Employee Collaboration Social Media Strategies Fully Implemented by Company Size

Potential Benefits of Social Media within the Organization

Company Supported Mobile Operating Systems

Personal Devices Allowed to Connect to Company Network (Bring Your Own Device)

BYOD Policy and Enforcement

Distribution of Worker Types by Industry

Country of Residence and Years in IT: Financial Industry

IT Decision Making Role and Job Title: Financial Industry

Companies’ and Respondents’ Geographic Reach: Financial Industry

Company's Global Annual Revenues: Financial Industry

List of Figures
  • 1. Technical Note: Understanding Perceptual Maps
  • 2. Perceptual Map: IT and Influential Attributes: Financial Industry
  • 3. The IT Budget Picture (in USD)–Averages and Mean Percent, NA, Latin America, and Europe, 2014
  • 4. The Workforce Picture by Industry—Now and in the Future, NA, Latin America, and Europe, 2014
List of Charts
  • 1. Financial Industry: Company Size, NA, Latin America, and Europe, 2014
  • 2. Major Challenges for IT —Percent of Agree/Strongly Agree Responses, Financial Industry, NA, Latin America, and Europe, 2014
  • 3. Top 5 Major Challenges for IT by Company Size, Percent of Agree/Strongly Agree Responses, Financial Industry, NA, Latin America, and Europe, 2014
  • 4. Top 5 Major Challenges for IT—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014
  • 5. Top 5 Major Challenges for IT—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014
  • 6. Primary Drivers for IT Investment—Percent of Somewhat/Very Important Responses, Financial Industry: NA, Latin America, and Europe, 2014
  • 7. Top 5 Primary Drivers for IT Investments—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014
  • 8. Top 5 Primary Drivers for IT Investments—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014
  • 9. Top 5 Primary Drivers for IT Investments—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014
  • 10. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014
  • 11. Current and Future Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014
  • 12. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014
  • 13. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014
  • 14. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014
  • 15. Technology Deployment, Financial Industry: NA, Latin America, and Europe, 2014
  • 16. Frequency of Technology Use within the Organization, Financial Industry: NA, Latin America, and Europe, 2014
  • 17. Ability of IT to Address Top Business Challenges- Percent of Effective/Very Effective Responses, Financial Industry: NA, Latin America, and Europe, 2014
  • 18. Effectiveness of Technologies in Dealing with New Regulatory Requirements, Financial Industry: NA, Latin America, and Europe, 2014
The financial industry is a dynamic, ever-changing one due to new regulatory requirements and dependence on the worlds economy. This study explores the challenges for IT departments, most effective technologies in meeting business challenges, and future investments.
More Information
No Index No
Podcast No
Table of Contents | Research Objectives and Methodology~ | Executive Summary~ | Attitudes toward General Business Applications Opportunities in the Financial Industry~ || Major Challenges for IT in the Financial Industry~ || Major Challenges for IT by Company Size~ || Major Challenges for IT by Region~ ||| North America~ ||| Europe~ ||| Latin America~ || Major Challenges for IT by Type of Organization~ ||| Banking~ ||| Insurance~ ||| Other Finance~ | Influential Factors on IT Investments in the Financial Industry~ || Primary Drivers for IT Investments~ || Primary Drivers for IT Investments by Company Size~ || Primary Drivers for IT Investments by Region~ || Primary Drivers for IT Investments by Type of Organization~ | Current and Future Use of IT in Financial Industry~ || Current Usage of IT~ || Current and Future Usage of IT~ || Current Usage of IT by Company Size~ || Current Usage of IT by Region~ || Current Usage of IT by Provider~ || Technology Deployment~ || Frequency of Technology Use within the Organization~ || Effectiveness of IT in Addressing Top Business Challenges~ || Business Challenges~ ||| Dealing with New Regulatory Requirements~ ||| Automating and Streamlining Business Processes~ | Impact of Influential Factors on IT in the Financial Industry~ || Technical Note: Understanding Perceptual Maps~ || Perceptual Map: IT and Influential Attributes: Financial Industry~ | Opportunities with Vendor Relationships in the Financial Industry~ || Communications Infrastructure, Current Usage~ || Communications Infrastructure, Current and Future Usage~ || Reasons for Not Using Certain IT Solutions~ || High Security Risks~ | IT and Cloud Computing in the Financial Industry~ || Criteria When Selecting a Cloud Provider~ || Criteria When Selecting a Cloud Provider by Company Size~ || Criteria When Selecting a Cloud Provider by Region~ || Attitudes toward Use of Cloud Computing/Hosted Communications~ || Satisfaction with Cloud Computing Use by Company Size~ || Satisfaction with Cloud Computing Use by Region~ || Attitudes Toward Cloud Computing by Non Users~ || IT Deployment in the Cloud~ || Current Deployment of IT in the Cloud Industry~ ||| By Company Size~ ||| By Region~ ||| By Type of Organization~ | Social Media Strategies in the Financial Industry~ || Use of Customer-Facing Social Media~ || Implementation of Customer-Facing Social Media~ || Current Implementation of Customer-Facing Social Media by Company Size~ || Effectiveness of Customer-Facing Social Media to Increase the Organization's Revenues~ || Use of Social Media for Internal Collaboration~ || Implementation of Internal Employee Collaboration Social Media Strategies~ || Internal Employee Collaboration Social Media Strategies Fully Implemented by Company Size~ || Potential Benefits of Social Media within the Organization~ | Mobile Devices in the Financial Industry~ || Company Supported Mobile Operating Systems~ ||| Android~ ||| Apple iOS~ ||| Windows Mobile~ ||| Blackberry~ ||| Other operating systems~ || Personal Devices Allowed to Connect to Company Network (Bring Your Own Device)~ ||| Smartphones~ ||| Tablets~ ||| Laptops~ || BYOD Policy and Enforcement~ | Available IT Budgets for IT in the Financial Industry~ || The Big Picture of IT Budgets~ | Impact of the Workforce on IT~ || Distribution of Worker Types by Industry~ | Profile~ || Country of Residence and Years in IT: Financial Industry~ || IT Decision Making Role and Job Title: Financial Industry~ || Companies’ and Respondents’ Geographic Reach: Financial Industry~ || Company's Global Annual Revenues: Financial Industry~
List of Charts and Figures 1. Technical Note: Understanding Perceptual Maps~ 2. Perceptual Map: IT and Influential Attributes: Financial Industry~ 3. The IT Budget Picture (in USD)–Averages and Mean Percent, NA, Latin America, and Europe, 2014~ 4. The Workforce Picture by Industry—Now and in the Future, NA, Latin America, and Europe, 2014~| 1. Financial Industry: Company Size, NA, Latin America, and Europe, 2014~ 2. Major Challenges for IT —Percent of Agree/Strongly Agree Responses, Financial Industry, NA, Latin America, and Europe, 2014~ 3. Top 5 Major Challenges for IT by Company Size, Percent of Agree/Strongly Agree Responses, Financial Industry, NA, Latin America, and Europe, 2014~ 4. Top 5 Major Challenges for IT—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014~ 5. Top 5 Major Challenges for IT—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014~ 6. Primary Drivers for IT Investment—Percent of Somewhat/Very Important Responses, Financial Industry: NA, Latin America, and Europe, 2014~ 7. Top 5 Primary Drivers for IT Investments—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014~ 8. Top 5 Primary Drivers for IT Investments—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014~ 9. Top 5 Primary Drivers for IT Investments—Percent of Agree/Strongly Agree Responses, Financial Industry: NA, Latin America, and Europe, 2014~ 10. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014~ 11. Current and Future Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014~ 12. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014~ 13. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014~ 14. Current Usage of IT, Financial Industry: NA, Latin America, and Europe, 2014~ 15. Technology Deployment, Financial Industry: NA, Latin America, and Europe, 2014~ 16. Frequency of Technology Use within the Organization, Financial Industry: NA, Latin America, and Europe, 2014~ 17. Ability of IT to Address Top Business Challenges- Percent of Effective/Very Effective Responses, Financial Industry: NA, Latin America, and Europe, 2014~ 18. Effectiveness of Technologies in Dealing with New Regulatory Requirements, Financial Industry: NA, Latin America, and Europe, 2014~
Author Alpa Shah
Industries Information Technology
WIP Number NE9D-01-00-00-00
Is Prebook No