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Without a digital vision success is difficult

Panos Archondakis, Senior Director, Wealth Management, EPAM, discusses how to break down the cultural and organisational barriers to digital transformation in wealth management, and how overcoming them may affect the technology challenges of digitalisation.

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Comments: (1)

A Finextra member
A Finextra member 26 April, 2016, 17:12Be the first to give this comment the thumbs up 0 likes

Completely agree that the Vision is absolutely vital for any transformation.

Understanding that the transition from traditional to digital strikes fear into the hearts of those who can't envisage themselves in a digital world is vital when it comes to planning 'hearts and minds' activities that will mobilise teams to head in the same direction.

It's worth studying the phychological impact so that the insight that can help shape thinking and planning around the key tramsformational activities. The Visioning process is the right place to start.

Also, it should be consultative process, the fait acompli approach can be the banana skin that you didn't spot.

 

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