From cloud to AI, Wall Street firms plan to pour more of their IT budgets into cutting-edge tech, a survey says. Here’s what’s driving their focus on innovation.
Financial firms plan to allocate more of their IT budgets towards cutting-edge tech, according to a recent survey by Broadridge. From cloud to AI, emerging technology is being viewed not just as a cost saver but a revenue driver. The leading adopters of new tech saw more than a 4% increase in revenue as a result of innovation.