TECH BUYER Mar 2020 - IDC Perspective - Doc # AP44596820

Toward Thoughtful Financial Services Transformation: A Pivot to Agile and DevOps in Asia/Pacific Banks and Insurers

By: Michael AranetaAssociate Vice President, IDC Financial Insights, Clay Miller

Abstract

This IDC Financial Insights is the first in a series of reports that create a framework for "thoughtful" transformation. This report focuses on how Agile and DevOps must be viewed as a combined cross-disciplinary practice that can fast-track the organization's change fit for the digital era. We diagnose the key issue faced by organizations in not being able to transform fast enough — many banks and insurance companies lack the new processes, structures, and measures necessary for change.

Michael Araneta, associate VP, IDC Financial Insights Asia/Pacific says, "Asian banks and insurers must take action and pivot from the traditional to transformative processes. Start incorporating Agile and DevOps for new digital products. Organizations can keep some of the long-established waterfall processes for legacy applications and processes. Iterative changes are the key features for digital products, processes, and services — so they represent the urgent and low-hanging opportunities for Agile and DevOps."


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