FinOps and the Finance Function

---

Of all 12 industries analyzed in the Forecast report series, the financial services industry has grown the most in advanced economies since 1970, when our record keeping began; although in certain mature economies the healthcare, education or business & professional services industry has outgrown financial services. Today, in aggregate, the financial services industry accounts for 5% to 15% of GDP in advanced economies. The buyers of financial consulting services are more concentrated to the top end of the corporate ladder except for the risk assurance function that purchases consulting services almost indiscriminately:

• CEOs are trying to gauge future changes in the regulation environment and prepare for these well in advance of actual legislation and implementation – this is particularly the case in the banking and asset management industries;
• Business unit heads in the insurance industry have been tasked with the dual problem of poor revenue streams and outsized costs;
• Public officials are urgently building regulatory frameworks in the cryptocurrency space with the key question of systemic risk in mind.

Source: ALM Intelligence