Agile Digital Transformation

Agile Digital Transformation

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Agile Digital Transformation Authors: Liz McMillan, Kevin Benedict, Roger Strukhoff, Jason Bloomberg, Pat Romanski

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Don’t Let Blockchain Cost Savings Hype Fool You

Last month, management consulting giant Accenture and McLagan, an operations benchmarking research firm, published the report Banking on Blockchain: A Value Analysis for Investment Banks.

Building block chains hasn’t always been so complicated.

Building block chains hasn’t always been so complicated.

The core conclusion of this report: blockchain promises cost savings for banks so dramatic, it will disrupt many lines of business and core banking functions, including assets liability management, regulatory compliance, cross-product processing, and trade execution.

In fact, the report touts cost savings of 70% or more in these areas, with savings of over 50% for the entire finance function, as well as liquidity risk, complex finance, and other areas.

Always the skeptic, I decided to follow the maxim if it sounds too good to be true, it probably is. Does the argument in the Accenture/McLagan report hold water? Or is it just another example of the fragile hyperbole so common in the blockchain world today?

Read the entire article at

Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, CA Technologies and IBM are Intellyx customers. None of the other organizations mentioned in this article are Intellyx customers. Image credit: woodleywonderworks.


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More Stories By Jason Bloomberg

Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise technology and digital transformation. He is ranked #5 on Onalytica’s list of top Digital Transformation influencers for 2018 and #15 on Jax’s list of top DevOps influencers for 2017, the only person to appear on both lists.

As founder and president of Agile Digital Transformation analyst firm Intellyx, he advises, writes, and speaks on a diverse set of topics, including digital transformation, artificial intelligence, cloud computing, devops, big data/analytics, cybersecurity, blockchain/bitcoin/cryptocurrency, no-code/low-code platforms and tools, organizational transformation, internet of things, enterprise architecture, SD-WAN/SDX, mainframes, hybrid IT, and legacy transformation, among other topics.

Mr. Bloomberg’s articles in Forbes are often viewed by more than 100,000 readers. During his career, he has published over 1,200 articles (over 200 for Forbes alone), spoken at over 400 conferences and webinars, and he has been quoted in the press and blogosphere over 2,000 times.

Mr. Bloomberg is the author or coauthor of four books: The Agile Architecture Revolution (Wiley, 2013), Service Orient or Be Doomed! How Service Orientation Will Change Your Business (Wiley, 2006), XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996). His next book, Agile Digital Transformation, is due within the next year.

At SOA-focused industry analyst firm ZapThink from 2001 to 2013, Mr. Bloomberg created and delivered the Licensed ZapThink Architect (LZA) Service-Oriented Architecture (SOA) course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, which was acquired by Dovel Technologies in 2011.

Prior to ZapThink, Mr. Bloomberg built a diverse background in eBusiness technology management and industry analysis, including serving as a senior analyst in IDC’s eBusiness Advisory group, as well as holding eBusiness management positions at USWeb/CKS (later marchFIRST) and WaveBend Solutions (now Hitachi Consulting), and several software and web development positions.