Innovation Outlook 2015: Practitioners’ Predictions

by Michael Fitzgerald, December 29, 2014
Industry Trends
Global

Abstract

Celent surveys innovation leaders to capture their outlook on the upcoming year.

Innovation seemingly has been everywhere in 2014. The case for it has been made on several fronts: rising consumerization, increasing disruption, and emerging technologies which offer new value propositions. With the onset of a new year, Celent wanted to look ahead to outline the shape of innovation activity for the coming year.

Specifically, the research sought to answer three questions:

  • What is expected regarding consumer expectations and industry disruption?
  • In which areas will investment increase/decrease?
  • Will making progress with innovation be easier or harder?

“The participants in the survey all are involved in leading innovation efforts on a day-to-day basis,” says Mike Fitzgerald, a senior analyst with Celent’s Insurance practice and author of the report. “They bring a current and practical perspective to their predictions.”

Companies which have invested in innovation programs can use these results to benchmark their own expectations. Firms which are considering such initiatives will gain valuable insight into the activities of their competitors.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Program Profile

2

2015 Outlook

4

 

Business Drivers of Innovation

4

 

Innovation Investments

5

Going Forward

8

Conclusion

10

Appendix

11

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

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