Digital transformation still in early stages
According to new data, only 10% of firms have completed their digital transformations, while 34% are in the decision making stage, and just 8% at implementation stage.
The figures come from RFA’s Digital Transformation Survey Q1 2021, which polled 400 global institutions including private equity firms, hedge funds, allocators and traditional asset managers.
The report also found that 33% of respondents have not yet planned their digital transformations, while 15% of firms are aware they need to do this.
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