Digital Transformation is 'Failing in Compliance-Heavy Sectors'
Regulated industries face being left behind in digital transformation if they choose between compliance and innovation.
IT service provider Espria warns that organisations in finance, legal, and healthcare struggle with IT modernisation without compromising regulatory obligations.
“While digital transformation has accelerated across all industries, there is still a cohort of businesses across sectors like finance, legal and healthcare that are being left behind,”said Ritchie Puckey, Head of Compliance at Espria.
For heavily regulated industries, a compliance-led transformation is necessary, where technology is used for efficiency, resilience, and regulatory compliance.
Author summary: Digital transformation fails in compliance-heavy sectors.
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