![]() However, only about one-third (34 per cent) say their business has a comprehensive data strategy in place and even fewer (31 per cent) feel their organization is a data-led business.Īs data has become one of the world’s most valuable assets, it’s imperative for organizations to know how to gather, store, analyze, and govern that data effectively. And this was just the beginning, the next step involved refining their operating model to become more efficient using this cloud native technology and realizing an effective data strategy.Ī Microsoft survey earlier this year found that almost two-thirds (61 per cent) of Canadian business leaders agree that data – and knowing how to draw actionable insights from that data – are key to business success in today’s economy. This meant they were able to deliver new services and technologies to their members faster throughout the course of the pandemic. “Being in the cloud, helped us innovate faster, reduce complexities, improve performance and lower costs.”įor many organizations, the pandemic accelerated cloud adoption, but because HOOPP had already started their journey with Azure, they had the foundation in place for innovation to scale. “Once this cloud adoption happened, that’s when the team realized that we needed to embrace change as a constant” said Juan Diz, Vice President, Pension Solutions Group (PSG), at HOOPP. One of the biggest shifts (and challenges) was three years ago when they shifted from a traditional IT physical operating model to the public cloud leveraging Microsoft’s trusted Azure platform. ![]() HOOPP’s digital transformation journey started years ago to modernize the pension administration platform, realize operational efficiencies, and provide the most secure and innovative technology and tools to service their members. For HOOPP, it’s not about a competitive or leading edge, but about delivering value and a retirement promise to healthcare workers (both working and retired) – and this is no small feat. And finally, waiting to adopt a digital strategy can put an organization at risk of being outranked by the competition or losing industry relevancy.įor Healthcare of Ontario Pension Plan (HOOPP), this has meant diving in headfirst and embracing the change that’s needed to provide more value to the 420,000+ members who rely on them to manage their pension. Another challenge is these companies don’t have the same level of flexibility and agility as some smaller organizations. While every company’s digital journey is noteworthy, the midmarket financial sector’s transformation is especially impressive as they have an increasingly unique challenge.įor starters, midmarket companies must learn to navigate the digital journey without the more robust resources of their larger peers. Institutions big and small are reshaping their digital agendas and adopting a data strategy to keep pace with changing customer expectations. Over the past few years, the financial services industry in Canada has been on an accelerated journey to digital.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |