Gartner Research

Focus on Data Roadblocks That Impede Digital Transformation in Wealth Management

Published: 25 March 2019

ID: G00373957

Analyst(s): Darrin Courtney, Ali Merji

Summary

Wealth firm executives are not confident in their ability to address important data issues. CIOs should focus on pain points that limit digital optimization today, and prepare for tomorrow’s emerging technology, regulatory and client data demands to speed transformation.

Table Of Contents

Introduction

Analysis

  • Existing Data Issues Requiring Attention and Improvement
    • Automated Client and Account Onboarding
    • Aggregation for Financial Planning
    • Aggregation for Portfolio Reporting and Management
    • Integrated Internal Data Aggregation and Workflows
    • Service and Adjustments
    • Data Governance and Management
    • Cloud Transformation
    • Prioritization Approach for Existing Data Issues
  • Emerging Data Issues Requiring Attention to Support Digital Transformation
    • Advanced Analytics Initiatives
    • AI and RPA Initiatives
    • Data Monetization and Microservices
    • Regulatory Data Mandates
    • Platform Positioning
    • Partner Data Integrations
    • Prioritization Approach for Emerging Data Issues

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