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With the average company investment into digital transformation increasing 148% in 2020 your competitors are racing to disrupt your business. Can you afford to be left behind?
The sovereign investment sector has always been unique when compared to other industries, despite partaking in and sharing the common attributes of investment management and private equity firms. But with a rise of disruptive forces bringing change to the sector - including broader trends such as political sensitivity - it is in dire need of digitalisation to stay afloat against the moving tide.
Central to this technological overhaul is not simply building on your firm’s own digital capabilities, but aligning with strategic partners that can sketch out a roadmap to keep you agile against your competitors. Given the rise of disruption in this sector, finding outlets for innovation is the lifeforce of your business’ survival.
Are you ready?
There’s two sides to every story - and this particular tale starts with the operations of your firm. The digitalisation process starts from the very heart of the firms, slowly altering the technology ecosystem fuelling their products and services, and then infiltrating their marketing and customer service capabilities at growing speed.
At the centre of this is not necessarily any specific technologies, but the introduction of a strategy tailored to your firm. By introducing the concept of a chief information officer, a roadmap for technological innovation can be produced that is specific to the firm and the businesses it serves, as well as the industry at large.
Transforming business models, locating opportunities for an efficiency boost, as well as sourcing cybersecurity is forecasted.
What your business can do for your customers is one flip of the coin. But understanding how to tailor this process of provision to your clientele’s needs and wants - including when they inevitably change - is a specific outlet for digitalisation.
This centres around sourcing customer engagement via digital channels to promote a client-firm relationship throughout the entire customer journey. The shift towards solutions also needs to be addressed with firm-specific technology that can harness the true potential of your team and your business.
Sovereign investment firms might not be as customer-driven as alternative industries, such as the retail sector, but now more than ever the customer is always right.
Director of Technology, Simply Brands
For those with an ear to the ground, this is also known as a Digital Transformation.
A Digital Transformation rethinks how you manage your employees, your clients’ and business’ data, and how you carry out your business operations. Or, in simple terms, a DT is the technological revamp your business needs to stay competitive.
The sovereign investment sector might anchor itself as unique when compared to other industries, but it is still set for the changes witnessed by a variety of other industries. In fact, more so than others, there is a renewed focus on securing competitivity in such a complex and bustling sector.
That, or it might not survive far into it.
Although specific technology is not pinpointed as is with other sectors, the focus here is on creating a technological culture that pivots on the need for transformation. With an operations-based alteration that is championed by a chief information officer, your entire firm can contribute to and benefit from the eventual digitalisation, whether it starts with your marketing or reinvigorates your core operations.
By kickstarting your technological future, your can pave the way for future digitalisation, and allow an evolution to occur naturally and at minimal cost to the business.
TAKE YOUR CLIENTS ONLINE
Curate experiences dedicated to customer needs and preferences via a renewed marketing and sales department.
WORK FOR YOUR WORKFORCE
Diffuse digitalisation across the entire supply chain and ensure each employee can provide the customer service experience.
TRANSFORM YOUR TECH, TOO
Your business deserves the best - so why not treat it like a customer? Harness digital solutions to create a custom-fit transformation.
FUNNEL YOUR CLIENTELE
Guide your clientele through the buying processive via an intensive marketing technique that uses technology to rethink the funnel.
ENGAGE ACROSS THE ENTIRE SUPPLY CHAIN
Ensure the entire team has access to technology to encourage solutions and innovations are found in record-time.
STREAMLINE VIA THE STATS
Reel in customers and boost conversions via data-driven insights that provide in-depth analysis of your marketing before you've even made the manouver.
FOLLOW THE LEADER
A DT is no simple feat. But with a chief information officer guiding your business through the entire process, your team doesn’t have to swap out their responsibilities for introducing the technology themselves.
Rethink your operating models via digital capabilities that put the customer first and streamline your business, too.
NAVIGATE DIFFICULTY WITH DIGITALISATION
Reboot your business and take on the latest challenges in the world of business, including regulations, costs and compliance. Slash your costs, boost conversions.
Taking things technological might seem a challenging feat set to put your troops through their paces, but with Lolly Co at every step of the way, navigating the new territory need not be difficult. In fact, with our tech-team assessing your business’ exact needs and walking you through each step, you don’t need a map, either! But, if you do fancy finding your way around tomorrow’s business technology, you can start here.
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