Blog

Innovation Drivers

30/01/2018

Product innovation is impacted by many influences, a number of which are referred to below and cannot be ignored.

 

We see the five main drivers as:

  • Technology / Digitalisation
  • Evolving Client Requirements
  • Time to Market
  • Shortened Product Life-cycles
  • Competitive Elements

 

Underlying Key Issues

 

Product Cost

  • Resources
  • Overheads
  • Scalability
  • Streamlining
  • BCP

 

IT Cost

  • Systems
  • Maintenance
  • Upgrades
  • New Development

 

Connectivity

  • Availability
  • Turn-around time
  • Reporting
  • Data Enquiry

 

Customer Service

  • MIS Tools
  • Understanding Needs
  • Response Time
  • Adaptable

 

Training

  • Seminars/Webinars
  • Workshops
  • Handbook
  • Industry Representation

 

 

 

www.tradefinance.training


Back to recent articles