Welcome!

Agile Computing Authors: Elizabeth White, Liz McMillan, Yeshim Deniz, Pat Romanski, Andy Thurai

News Feed Item

IDC Financial Insights Releases Top 10 Predictions for 2013

IDC Financial Insights today hosted a Webinar, IDC Financial Insights Predictions 2013: Financial Services, highlighting the top 10 predictions for the year ahead. Featuring analysts David Potterton, Jeanne Capachin, Marc DeCastro, Karen Massey, Aaron McPherson, and Michael Versace, the session provided organizations with insight and perspective on long-term industry trends along with new themes that may be on the horizon. The Predictions Webinar series is designed to help company leaders capitalize on emerging market opportunities and plan for future growth. An audio replay of today's webinar will be available within 48 hours. To access the replay, please visit http://bit.ly/FI_Predictions2013_Financial.

The Top 10 Predictions for 2013 are:

  • Prediction 1 - The Nascent Community-Based Clouds in the Financial Services Industry Will Become the Preferred Cloud Model in Cost-Conscious Markets by Striking the Balance Between Lower Operating Costs and Adequate Service Levels
  • Prediction 2 - Banks Will Abandon Social Media as a Customer Service Channel and Focus on Targeted Marketing Campaigns Instead
  • Prediction 3 - Competition Between Rival Mobile Wallets and Point-of-Sale Integration Technologies Will Result in a Price War as Competitors Seek to Gain Market Share and Mindshare
  • Prediction 4 - As Spending on Big Data and Analytic Solutions Tops $6 Billion Worldwide, Operational Efficiency Ratios Will Begin to Show Signs of Improvement
  • Prediction 5 - Risk Officers and CIOs Will See Capital Spending and Operational Expense Associated with Risk and Compliance on the Continued Material Increase, Topping $74 Billion Worldwide
  • Prediction 6 - Regulation Will Reduce Financial Services Profitability by a Third by 2015 Unless Institutions Implement Enterprise Data Management Strategies
  • Prediction 7 - Global Universal Banks Will Continue to Struggle to Deliver the Value of Their Complete Franchises
  • Prediction 8 - New Formats Will Breathe New Life to Branch Strategies, While Investments in New Channels Will Intensify
  • Prediction 9 - Rising M&A Activity in the Financial Services Industry Will Drive the Demand for More Effective Systems Integration and Interoperability
  • Prediction 10 - Financial Institutions Will Get Serious About Updating Legacy Systems

"Our predictions in 2013 are more optimistic than in years past, however there is real concern that the technologies offered on the 3rd platform may leave many institutions behind," said David Potterton, vice president of global research, IDC Financial Insights. "As we continue to see pressure on increasing revenue, being more efficient, and handling current and future regulatory changes, the successful organizations will be those who not only embrace the new platform, but are willing to invest in it. How well organizations manage the four key technology disruptors of big data/analytics, mobility, cloud computing and social, will dictate how much long term success the organization will have."

For additional information about these predictions or to arrange a one-on-one briefing, please contact Sarah Murray at 781-378-2674 or [email protected]. Reports are available to qualified members of the media. For information on purchasing reports, contact [email protected]; reporters should email [email protected].

About IDC Predictions

A hallmark of IDC's offering for three decades, the annual Top 10 Predictions reports provide IDC's outlook on the IT market, across industries, for the coming year. During the next 60 days, IDC will publish dozens of Top 10 Predictions documents for 2013. Please visit www.idc.com/predictions2013 for a complete listing.

About IDC Financial Insights

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-fi.com, email [email protected], or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-insights-community.com/financial.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.