target audience: TECH SUPPLIER  Publication date: Jul 2023 - Document type: Market Presentation - Doc  Document number: # US49869823

Industry Performance Indices: Worldwide Banking, 2023


  • Ravikant Sharma Loading
  • Ashish Kakar Loading
  • Xiao Liu Loading


  • 12 slides

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This IDC Presentation includes financial industry insights based on the analysis of over 800 global banks to determine the impact of digital transformation (DX) efforts on financial efficiency.

IDC's Financial Insights team conducted a study on the impact of DX activities on banks to determine:

  • The degree of the DX occurring within organizations
  • The effects of DX initiatives on the organization's financial efficiency outcomes

Through this report, readers will be able to understand the correlation between return on assets (ROA) and return on common equity (ROCE) performance and coordinated DX efforts for banks. This metric effectively demonstrates DX's significance in supporting organizations' financial efficiency and is useful for vendors when talking to customers about increasing their digital capabilities.

"Well-coordinated digital initiatives, specifically focusing on emerging technologies such as AI and cloud implementation, transitioning banks to transformative champions are resulting in higher-than-average performance in terms of financial efficiency growth," says Ravikant Sharma, senior research manager at Industry Insights Group in IDC Asia/Pacific.

"IDC intrinsically believes that digital transformation makes the banks more competitive and efficient. The market always wanted a quantitative tool to help elucidate this perspective. We now have empirical evidence that the banks that spend more on transformation actually do better. This study is watershed to that extent," says Ashish Kakar, director, IDC Financial Insights, Asia/Pacific

Xiao Liu, research manager, IDC Financial Insights Asia/Pacific says, "ROA and ROCE are key metrics for banks, offering insights into profitability, operational efficiency, and the ability to generate investment returns. They are particularly crucial during uncertain economic conditions. The correlation between digital maturity defined in this study and the growth of these metrics indicates that banks should prioritize transformative technologies to achieve strategic objectives and financial goals more efficiently."


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