IDC's Worldwide Digital Transformation Use Case Taxonomy, 2023: Capital Markets

Description

This IDC study defines and discusses four strategic priorities the capital markets are pursuing to become digital-first participants in the global financial markets. This taxonomy defines separate programs that support each strategic priority. Under each program are a set of use cases, which are discretely funded efforts supporting a program objective."Capital markets participants that cultivate digital-first business models through a focus on resilient operational infrastructure constructed using efficient, modular technical architecture are well positioned to realize profitable growth," says Thomas Shuster, research director, Worldwide Capital Markets Digital Strategies.

Product Code: US49994623

IDC's Worldwide Digital Transformation Taxonomy

Digital Transformation Taxonomy Changes for 2023

Taxonomy Overview

Understanding and Using IDC's Digital Transformation Taxonomy

Definitions

Capital Markets
Digital Mission: Digital First
- Strategic Priority: Operational Efficiency
  - Operational Efficiency Program: Process Automation
  - Operational Efficiency Program: Digital Workforce
  - Operational Efficiency Program: Regulatory Requirement Delivery
  - Operational Efficiency Program: Risk Management
- Strategic Priority: Open and Resilient Markets
  - Open and Resilient Markets Program: Standardization and Interoperability
  - Open and Resilient Markets Program: Connectivity
- Strategic Priority: Customer Engagement
  - Customer Engagement Program: Digital Channels
  - Customer Engagement Program: Product Personalization
- Strategic Priority: Innovation and Modernization
  - Innovation and Modernization Program: Business Model Innovation
  - Innovation and Modernization Program: Advanced Data Management
  - Innovation and Modernization Program: Infrastructure Modernization