Digital Transformation Challenges in Compliance-Heavy Sectors
Regulated industries are at risk of being left behind in digital transformation if they prioritize compliance over innovation.
IT service provider Espria warns that organizations in finance, legal, and healthcare sectors struggle with IT modernization 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's summary: Digital transformation fails in compliance-heavy sectors.