E-book

Balancing the three pillars of IT

How financial services companies can allocate their IT spending wisely

Apr 29, 2022

Key takeaways

Balance the three pillars by maintaining a high-performing IT environment, while ensuring that data is secure and that innovation can thrive.

Develop a robust IT foundation and strong data protection policy before you tackle innovative applications.

Start this process by analyzing your needs, breaking down your IT budgets and allocating your spending to the pillars that need the most support.

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Financial services Managed services

The three priorities for financial services companies are IT needs, cybersecurity and technological innovation.

You may have heard of the 50-20-30 rule. It’s a money-management technique that divides your paycheck into three categories: 50% for the essentials, 20% for savings and 30% for everything else.

This guideline of personal finance can be a great model for financial services companies as well, especially when it comes to information technology. However, the categories for IT spending look a little different. The three priorities for financial services companies are IT needs, cybersecurity and technological innovation. And while the exact percentages that organizations allocate to each category can vary—based on the company’s structure and business environment— the goal is to balance these three pillars to create the basis for a successful, thriving culture.

Read our new eBook, “Balancing the three pillars of IT,” to unlock the full potential of your IT platform and achieve balance in your company.

Pillar #1: Keeping the lights on

Keeping the lights on, from an IT perspective, is about maintaining a stable, reliable and high-performing IT environment.

Pillar #2: Securing IT

At its core, cybersecurity is about keeping a financial services company’s data from falling into the wrong hands.

Pillar #3: Innovation

Studies have shown that organizations that grew during the last recession were technologically superior and recognized the importance of innovation.

RSM can provide experienced resources to address your information technology, cybersecurity, risk and governance needs. 

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