Giving Up on Digitization Initiatives

A Survey of Operations Executives

6 reasons why operations executives give up on digitization.

Digitization means finding solutions that solve for both manual processes and legacy systems, but digitizing with or without IT’s involvement is risky, costly, and time ­consuming. It’s no surprise operation executives are giving up. In fact, 58% are reverting back to manual processes.

TrackVia surveyed over 200 enterprise operation executives in March of 2019 to discover why operations teams are unable to evolve.

Download Giving Up on Digitization Initiatives: A Survey of Operations Executives to learn more about their experience and why there’s light at the end of the tunnel.

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Digitizing Banking Back Offices with Low Code Platforms

Modernizing the Back­ Office: Digitizing Financial Services with Low Code Platforms.

Banks today operate between two distinct worlds of back­ office and front­ office operations. Yet, most banks focus on optimizing the front­end customer experience. Oftentimes, this creates even more back­office manual processes.

On average, retail banks today have between 300 and 800 back­ office processes to manage and monitor. These processes leave the back ­office staff to deal with redundant tasks, excessive manual processing, and slow response times. This is why digitizing back­ office processes have the most potential on making monumental impact to the business.

Download Digitizing Banking Back Offices with Low Code Platforms and learn how easily you can digitize back ­office processes in weeks with low ­code platforms like TrackVia. TrackVia helps banks improve operations, customer experience, as well as data quality and accessibility.

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Deliver a Winning Lending Experience

With more twists and turns and “go back to start” than a game of Chutes and LaddersⓇ, it’s no surprise customers are looking for alternatives to the traditional mortgage process. Changing customer expectations combined with lower margin and price compression have driven digital transformation strategies across the industry. The next stop? The back office.

“The second digital revolution will focus on the back office to lower the cost for processing and underwriting.”

With a measured approach to automating middle and back office processes, lenders can: improve the customer experience, increase asset quality while mitigating risk, simplify regulatory compliance, increase efficiency, and contain costs.

Download Deliver a Winning Lending Experience now to learn how industry leaders like Stearns Lending are digitizing their back office operations to grow their bottom line.

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Banking on Automation for a Better Back Office

Financial institutions are counting on banking operations to help transform them into the bank of the future. But, most bank back offices still have between 300 and 800 back ­office processes to manage and monitor ­­ hampering their progress and making data breakdowns are inevitable. As a result, banks can’t bring new offerings to market quickly, and still deliver disjointed experiences that leave consumers unfulfilled.

It’s time for a better way to approach back office automation.

Download Banking on Automation for a Better Back Office and learn how digitizing your back office processes with a workflow platform allows you to:

  • Automate data collection to reduce errors and standardize your data
  • Digitize work flows to speed up end ­to­ end processing
  • Reduce operating expenses and improve the cost ­basis of consumer offerings

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Finding flexibility with microservices, containers, and runtimes

An introduction to the Forrester analyst report: How to Capture the Benefits of Microservice Design

There has always been a relationship between an application and the platform and services which run it. For a long time, that relationship was very tight and encompassed a lot of areas related to the application design, from the language the application could be written in to administrative behaviors like monitoring and logging, even things like transaction management, frontend UI development, or integration methods.

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The path to cloud-native applications

The cloud-native approach describes a way of modernizing existing applications and building new applications based on cloud principles, using services and adopting processes optimized for the agility and automation of cloud computing. This e-book describes detailed steps as a part of a successful journey from where you are today to adopting a cloud-native application approach.

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Digital innovation through agile integration

Everything changes. We are in a period of significant shifts in companies — even entire industries — demonstrated in rankings, like the Fortune Global 500. For the last century, these periods of volatility have been driven by a combination of technological change and capital expansion. There is obvious competition between direct, traditional market segments, but digital disruption also opens up the ability to compete and gain revenue in new areas. For example, a movie streaming service like Netflix also launches a community around the software it created to run its services, or an online retailer like Amazon also innovates with public cloud management. Innovation requires more than a slick customer user interface (UI). There has to be a foundation of technology, processes, and culture that allow an organization to be flexible, to build on its existing knowledge, and to incorporate new ideas.

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Executive guide to selecting a cloud-native development platform

When any organization starts planning for cloud-native applications, it is important to consider the entire time span: from selecting a development platform until an application is truly production-grade and ready for delivery in the cloud. It can be a long journey, with many decisions along the way that can help or hinder progress.

View Now

Finding flexibility with microservices, containers, and runtimes

An introduction to the Forrester analyst report: How to Capture the Benefits of Microservice Design

There has always been a relationship between an application and the platform and services which run it. For a long time, that relationship was very tight and encompassed a lot of areas related to the application design, from the language the application could be written in to administrative behaviors like monitoring and logging, even things like transaction management, frontend UI development, or integration methods.

View Now

The path to cloud-native applications

The cloud-native approach describes a way of modernizing existing applications and building new applications based on cloud principles, using services and adopting processes optimized for the agility and automation of cloud computing. This e-book describes detailed steps as a part of a successful journey from where you are today to adopting a cloud-native application approach.

View Now

Digital innovation through agile integration

Everything changes. We are in a period of significant shifts in companies — even entire industries — demonstrated in rankings, like the Fortune Global 500. For the last century, these periods of volatility have been driven by a combination of technological change and capital expansion. There is obvious competition between direct, traditional market segments, but digital disruption also opens up the ability to compete and gain revenue in new areas. For example, a movie streaming service like Netflix also launches a community around the software it created to run its services, or an online retailer like Amazon also innovates with public cloud management. Innovation requires more than a slick customer user interface (UI). There has to be a foundation of technology, processes, and culture that allow an organization to be flexible, to build on its existing knowledge, and to incorporate new ideas.

Get Whitepaper

Executive guide to selecting a cloud-native development platform

When any organization starts planning for cloud-native applications, it is important to consider the entire time span: from selecting a development platform until an application is truly production-grade and ready for delivery in the cloud. It can be a long journey, with many decisions along the way that can help or hinder progress.

View Now

An intelligent foundation for business datasheet

Red Hat's Enterprise Linux 8 provides an intelligent, stable, and security ­focused foundation for modern, agile business operations. Consistency across infrastructure allows you to deploy applications, workloads, and services using the same tools, regardless of location. As a result, you can deploy and operate the enterprise hybrid cloud environment your business needs faster and with less effort. Download the datasheet to learn more.

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The trillion dollar impact of Red Hat Enterprise Linux infographic

Out of $188 trillion of worldwide business revenue in 2019, $10 trillion is touched by Red Hat Enterprise Linux. About 900,000 people are employed by Red Hat and its ecosystem, powering 1.7 million IT professionals who work on Red Hat­enabled systems for a total of 2.6 million in Red Hat–related positions in 2019. Download the infographic to see how.

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IDC: Economic Impact of Red Hat Enterprise Linux

This IDC whitepaper sizes the economic impact of Red Hat Enterprise Linux in the global economy. The software and applications running on Red Hat Enterprise Linux will "touch" $10 trillion of business revenue this year and grow at twice the rate of the economy. Further, IDC predicts that Red Hat Enterprise Linux will provide economic benefits of more than $1 trillion a year to customers and will save IT organizations nearly $7 billion this year alone.

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