Reducing costs for financial organizations

You are probably being asked to ‘do more with less’, but the adage is not more relevant to today’s financial institutions. Especially when it comes to creating a secure digital workplace, which will enable your employees to thrive, along with reducing business costs. Let us consider the challenges you face in terms of changing your organization.

When you are currently reducing complex and expensive IT support in your organization, you are also facing the threat of cyber attacks. The average cost for a single data breech is $ 3.8 million 1 and should it be inconceivable, you will also need to factor in your corporate reputation, loss of customers and business interruption. Then there is the additional cost of making your brand trustworthy after the attack.

Another major driver for workplace change is the fact that your employees are struggling with outmoded technology.

This inevitably reduces their productivity and morale. By 2020 half of your workforce will be made up of Generation Y employees 2, who have never lived without internet and have used the latest technology since elementary school. If you are serious about attracting your talent and retaining the right talent, then you are under increasing pressure to maintain their expectations.

Digital workplace changes ushered in

If you are considering a digital workplace change strategy, Windows 10 provides the right foundation. While your employees can quickly become more productive with an intuitive operating system that they are probably already using at home.

Microsoft recently launched Forrester Consulting to conduct a Windows 10 3 Total Economic Impact ™ study. He interviewed four enterprise organizations in various industries that were early adopters of Windows 10.. Here is an overview of the key findings:

Significant cost savings for IT departments

The survey found that with easy-to-install features and self-service functions, installing, managing and supporting Windows 10 requires a great deal less IT administration time. One customer reported that the deployment of Windows 10 was 50% faster and less complex than their previous operating system upgrade. Overall IT administrators projected a 15% improvement in IT management time with Windows 10.

Minimum security issues

Windows 10 is the most secure Windows product ever. Introducing massive advances in security and identity security, it is specifically designed to counter the rapidly evolving world of cyber security. Powerful new security elements have been added, including credential guards and device guards, which protect users from malware and other types of system compromise.

There are many better features including BitLocker for enhanced security of employees’ data. Forrester found that security incidents related to device management and the need for IT remediation were completely reduced or avoided. Some businesses included in the study can save up to about $ 700,000 per year, simply by enabling security features in Windows 10.

Employees estimate that they have 25% more time to work than before.

Windows 10 starts faster than previous iterations and the study found that customer service employees took advantage of this extra time to meet more customers. It took them less than five minutes to boot their PC and log into the key system (compared to 20 minutes on the previous operating system). They can also take advantage of the touch-enabled Windows 10 operating system to accomplish more work in mobile settings.

More reasons for the upgrade

There are two important Windows 10 advantages relevant to the financial industry, with the features highlighted in the Forester report. First, Microsoft has placed a strong emphasis on application compatibility. When you upgrade, most of your existing Windows applications will work without the need for remediation. Secondly, Windows 10 has the same code base for all devices – desktops, laptops, tablets, and phones – that reduce application development costs for financial organizations.

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