Where Will it all End?
Or rather: When. The fact is that markets today are tough. Especially regulators are becoming much tougher than any competitor ever will be. True, competition has to deal with the same regulators.
To survive this “new reality” the key move that needs to happen is paradigm shift in the board room
Each and every board has to realize that market regulators are driving the IT costs ever higher. Unless they are not properly responded to. No in an ad-hoc manner, after the public security breach. But in a planned manner, with inevitable investment into IT landscape modernization.
And this is where the opportunity lies. Implementing measures required by regulators is an opportunity to modernize the IT and make it much more controllable, predictable and in turn feasible.
1SMB is Small to Medium Business. Preferred by me to the term “SME” which is overloaded with “Subject Matter Expert”.