Tag Archives: Banking Technology

IBM Extends ILG Suite and Big Data Governance with StoredIQ Acquisition

On December 19th, 2012, IBM announced its intention to acquire unstructured data management solution provider StoredIQ. This should come as welcome news to litigation support and compliance professionals, line of business execs looking to derive value from large volumes of organizational data and IT managers who are increasingly overwhelmed by a deluge of data, the bulk of which is duplicative, inaccessible, irrelevant, uncategorized and unprotected. Continue reading

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New IBM ECM Capabilities Dazzle! So Why Are Most Organizations Slow To Adopt?

Users need help from information management vendors to justify technology purchases such as ECM solutions.

Despite mounds of quantitative and qualitative data that show exponential, unsustainable storage growth; a stricter regulatory environment on the horizon; and increased risk of adverse litigation judgments as well as higher costs, a myriad of surveys indicate that perhaps only a 1/4 of organizations are confident they have the problem under control—and that may be optimistic.

Most users are overwhelmed with the prospect of unsustainable growth of unstructured content in the form of documents, images, emails, social media and other forms of messaging. Many feel they are too busy just maintaining systems or running for cover from management and business users who are demanding more productivity with fewer resources to take advantage of new technologies.
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Weighing the Cost of IT Complexity: Lessons Learned from the Banking Industry

Most banks have invested heavily in technology to help address compliance requirements and prepare for impending regulatory reform. However, banks tend to be stove-piped organizationally and too often solutions that could be leveraged across the organization are only deployed within a department.

Managing mandatory compliance and regulatory requirements as well as existing infrastructure are critical, but driving efficiency is often overlooked or not addressed due to the absence of a clear strategy or a lack of will by senior management to drive change – despite the fact that there are dozens of success stories. However, the risk of failure is also high if proper planning and support are not in place prior to implementation. Continue reading

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