An investigation into technological market competition

“Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.”
Ludwig Erhard

It is understood that lack of choice can stifle innovation and negatively impact pricing. To counter monopolies and/or oligopolies, cost for a single company market entry is a significant barrier to exploration, investment, and access. This builds the case for multi-company, cross-sector collaborative approaches within a product development cycle. Many argue this would deliver the challenge in creating competition, that is needed to drive innovation, deliver enhanced product services, and manage monopoly fee inflation.

Example case studies:

Bloomberg

Debate schedule:

July to October 2022: advanced thoughts gathered and presented anonymously

October 2022: COO roundtable dinners in London (19th October) and New York (27th October)

Setting the debate

Background: Many Asset Managers lack the capital or technological know-how to self-build solutions to support business needs and have opted for 3rd party solutions to meet this requirement, securing best-in-breed in doing so.

COVID creates impetus

The pandemic has accelerated the move to digital, artificial intelligence, cloud, and mobile applications.

Industry requirements

In a dynamic, worldwide open economy, the asset management sector can justifiably expect new solutions to be presented for consideration, based on open source and cloud technologies, giving greater choice and flexibility. In this context, the post COVID has provided a new dawn of opportunity for technology vendors to provide such optionality.

This optionality gives the industry the ability to choose specific services or to be able to pick a suite of products that best fits their business requirements, and from an evolutionary perspective to be working with a service company that also provides the software.

Technology companies, such as Microsoft, are putting forward a strong case that the days of in-house coding and development are largely over; stressing that the innovation, the ah-ha moment is to be born from within, through business analysis, then defaulting to a Microsoft for its development.

This creates options for new product development and market entry through such collaborations.

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