The financial services sector has become dependent on spending vast amounts of money with large consultancies and systems integrators that fail to deliver any major changes or reap any benefits.
Jan Joubert, CEO at digital transformation specialist Rainmaker, passionately shares his view:
His blunt message to chairmen and chief executives is that they need to break the habit fed by the IT industry, big consultancies and IT departments.
He warns: Corporate IT and outdated procurement practices perpetuate this archaic approach to systems and contracts. It often comes in the guise of a seemingly shiny, but actually ill-fated target operating model. Requirements are set at a fixed moment in time and are often spurious, bearing little resemblance to user, customer and market needs.
To make things worse, they spend up to 18 months procuring a supplier to deliver this mess and lock them in for five to ten years.
This is sheer lunacy because by the time it is implemented, it will be two to three years out of step with the business, users and clients. It is obsolete on delivery.
Read more in the Raconteur article: Stamp out archaic practices.
“Can we please stop talking about robots when it comes to Future of Work”
The big four have ruined the school of thought on Future of Work. They have made companies focus on a world of automation, robots and AI.
If you tolerate this then your children will be next.
In the UK, we are facing a cliff edge for our next generation. We have a generation that is unable to secure their financial futures because the constructs we have put in place to generate wealth and provide financial security for earlier generations, are...
Can you help prepare the employees of the future?
Rainmaker (a partner working with Croydon Council) and ELSA (a community interest company that empowers young people through skills development) will be running a “Get Work Ready”…
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