TRENDING
That is not to say there are not examples of healthcare and financial services organisations that are progressing faster than others .
The data set we analysed was drawn from responses to our State of App Strategy survey , based on the completeness of answers . Companies spoken to in both industries have demonstrated that there are exceptions to every statistic .
Healthcare
The healthcare sector , for example , needs more critical care nurses to cover the number of available hospital beds . This shortage of resources is an existential threat , but entirely outside of the control of the industry because there just are not enough nurses to go around .
To meet this challenge , some healthcare providers , especially those managing a large number of hospitals , are increasingly looking at how AI can increase the number of beds each nurse can cover without compromising the quality of care .
Some providers are looking to Large Language Model AI to make nurses more effective by reducing the time needed to maintain patient health records . Others intend to use AI visual modelling to monitor hundreds of high-definition video streams for possible changes in patient conditions .
Financial services
Financial services companies can sometimes lag in their adoption of certain technologies because they are generally highly regulated . But bankers and brokers know that the greater the risk , the greater the reward .
Using applied technology to obtain a first-movers advantage over competitors is central to the financial services industry embracing blockchain despite significant difficulties with reliable deployment , considerable risk , and regulatory scrutiny .
The industry has forecast certain advantages from the technology and is bankrolling some of the most sophisticated studies in areas such as Quantum Key Distribution , which can significantly increase the efficacy of security around transaction processing for monetary transfers or trading .
Manufacturing
The 2022 SOAS found that IT , OT was the most exciting technology trend , and it remained in the top five in 2023 , demonstrating that manufacturers
Key takeaways
• The sheer breadth and depth of technical capabilities required to establish and operate an AI-enabled business can be overwhelming .
• The lack of financial services companies in the highest category of digital maturity , the doers , might seem odd given the rapid rise of digital banking .
• Upon deeper analysis , one can assume that FinServ is moving at a slower rate by design .
• Adding a new interface , apps and digital services is much like putting a shiny façade on an old building , it gives the appearance of modernisation .
• When we look at the maturity of organisations , we find that no financial services organisation is operating at the highest level of maturity .
• Cloud providers , telecom , and technology firms dominate that category .
• Cloud providers and technology firms have little technical and architectural debt and makes it easier to push forward faster .
• Digital transformation is not a race and it is encouraging to see some industries progressing with a measured , strategic approach .
are at the forefront of modernisation . Manufacturers have always been on the vanguard of adopting any technology that leads to greater efficiencies and digitisation is no exception .
The annual Oil and Gas Automation Conference for the past three years has shown that natural resources sector is far ahead of most enterprises in their use of automation , collection of telemetry , and the adoption of Zero Trust approaches to securing remote assets .
Get on board
The benefits of the digital transformation journey are undeniable . Organisations in all stages of digital transformation see benefits , and those exhibiting greater maturity are more likely to cite business benefits such as competitive advantage , new opportunities , and business operational efficiency .
Generative AI is just one of many disruptive technologies ahead , and if organisations cannot harness these game-changing technologies , they will undoubtedly be left behind . Digital maturity indicates whether or not an organisation is well-positioned to take advantage of these technologies . p
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