People are key to making technology work

Written by Kelli Cruz, InvestmentNews Wednesday, 27 July 2011

Respondents to the recent InvestmentNews RIA Technology Study overwhelmingly (95%) rated technology as either “critical” or “absolutely critical” to the success of their business. This is an impressive statistic, given the diversity in terms of size and type of firms that participated in the study.

Why the tech emphasis?

The answer is that technology helps improve productivity, which can lead to success across the board in efficiency, client retention, revenue growth and profitability. Technology can play a decisive role in improved performance when one looks at the profitability metrics that matter most: greater assets per employee and greater revenue per employee, both of which support larger operating margins and higher professional compensation. Read More..