Technology Strategy — Best Practice

Abstract

The best all round phrase I can think of to establish whether any given technological deployment is going to succeed is ‘appropriate response’. This term encapsulates many themes. The easy ones are

• 1. Cost/benefit analysis

• 2. Testing cycle resilience

• 3. Redundancy and resilience protection

• 4. Benchmarking

However, as we’ve seen, there are ‘hidden extras’ which bring an adequate strategy to the level of an exemplary or ‘best-practice’ strategy. These include

• 1. Geopolitical resilience

• 2. Regulatory compliance

There may be others. The intent here is not to be exhaustive, especially given the scale and scope of the world’s financial services industry, but to point the way and open up new areas of strategic thought.