Deloitte had the privilege of hosting the Measuring Tech Investments: Strategies for ROI Assessment & Storytelling Roundtable with #WSTA for 25 executives across the banking industry, including those from JPMorganChase, Bank of America, Morgan Stanley, Citi, UBS, and others. Special shout out to Ranjit S Samra on his leadership at the board of Wall Street Technology Association (WSTA) to promote the dialogue on these important industry topics. Moderated by Deloitte’s Chief Futurist Mike Bechtel, the discussion delved deep into optimizing the synergy between technology and business strategies to spearhead tech transformation. Our distinguished speakers Tim Smith, Garima Dhasmana, Diana Kearns-Manolatos (she/her) shared insights into the archetypes for tech transformation, the reality of where tech investment dollars are going, and the metrics that matter for FSI tech initiatives.
Focused Topics Included:
- Metrics for Business Value: We explored various metrics, from simple cost avoidance to complex interdependencies among technical teams, aiming to better predict and record business value.
- Collaboration Strategies between Business and Tech Teams: Discussion on executing multiple projects simultaneously to maximize efficiency, empowering C-suite leaders by providing options, and building trust incrementally through consistent delivery of initiatives.
- Fostering Innovation: Strategies such as offering cash incentives for pioneering efforts, establishing a dedicated budget for future-forecasting teams, and adopting scalable new technologies across organizations were hot topics.
The Roundtable concluded with how we see these strategies impacting the future of banking.
We extend our deepest gratitude to everyone who participated in the Roundtable discussion: Kevin P. Adams, Ed Anderson Jeanne Andreana, Raj Bhaskar, Ganesh Bhat, Ann-Marie Birns, Jonathan Echeverria, Jeff Haydon, Rene Kim, James Kostulias, Tiffany Lu-Heda, Vivek Mago, Carson Ng, Paul Nigrelli, Navneet Purohit, Ranjit S Samra, Matthew Yazdi
Additionally, immense appreciation goes to Joann Turli-Cooper, Phyllis Lampell, Greg Pavlik, Mary Servetah, Abhishek Verma, Brenda Guan, Hillary Umphrey, Jennie Chang, Ashi Choudhary, Daniel Greene, Tanner Eisenhut, and Taylor Brockman for their dedication and tireless efforts in orchestrating this successful event.
Your collective expertise and hard work made this Roundtable a resounding success!
#Deloitte #BankingIndustry #TechTransformation #CIOs #InnovationInBanking
Strategy and sustainability global leader with expertise in leveraging technology to drive growth and profitability
1moMany congratulations, Melissa and team!