24/05/2012

By Scott Thompson

Financial services CEOs/CFOs are not convinced that technology enables agility within their organisation. New Fujitsu research across 50 CEOs and CFOs within UK financial organisations found that UK banks are simply not fit to change fast enough.

Although 70 per cent of FS respondents believe the current rate of change is too quick for UK organisations to keep up with, half believe that technology within their own company is a significant barrier to responding to change. However, of all the sectors surveyed business leaders within banks are the most confident of the abilities of cloud computing to enable change - 64 per cent feel it is an enabler to change compared to 60 per cent in retail and 30 per cent in telco/utilities.

“What we have here is an example of the classic tension between those driving IT strategy and those leading the business. The IT industry is undergoing one of its biggest transformations in the way it delivers IT services and solutions,” says Duncan Tait, CEO, Fujitsu UK & Ireland. “Deploying the right solutions in the right way can enable you to reshape your business; to move quickly; to collaborate more and to provide new, exciting channels and products and it is essential that today’s CEO understands when IT has a role to play at the heart of business strategy. This message however has not made its way far enough into the boardroom of the UK’s biggest companies and CIOs have a significant role to play in ensuring it does.”

The research can be downloaded at: http://www.fujitsu.com/uk/campaigns/fit-to-change/index.html