Market Perspectives

Bank of America Earns Digital Technology Digital Leadership Award with Alteryx for 2023

Written by Ventana Research | Jan 23, 2024 1:00:00 PM

The 16th Annual Ventana Research Digital Leadership Awards recognize enterprises and individuals that utilize technology to advance business and IT. The Digital Leadership Awards showcase the professional leadership and their use of business applications or technology that contribute significantly to improved efficiency, productivity and the performance of their enterprise. This prestigious award recognizes leaders and pioneers who have contributed to their enterprise's success and championed improvements across their people, processes, information and technology. 

Ventana Research has awarded Bank of America using Alteryx its prestigious 2023 Digital Technology Digital Leadership Award. This award recognizes the individual, enterprise and technology that best exemplifies leadership in the technologies that support analytics and data, artificial intelligence and machine learning (AI/ML), blockchain, cloud computing, collaborative and conversational computing, extended reality, internet of things, mobile computing and robotic automation. All finalists in the Digital Technology expertise area were considered for this prestigious award. 

Enterprises can achieve significant innovation through the deployment and use of digital technology. Embracing emerging technology is a necessity in today’s competitive market to enable the workforce and customers to engage effectively and to elevate the potential return on the enterprise's assets. 

Ventana Research selected Bank of America for the 16th Annual Digital Technology Digital Leadership Award for its commitment to support analytics and data automation that streamline data flows for the finance enterprise. The time and cost savings were significant, freeing up time to focus on the analytics and understanding of information compared to spending time on the data preparation and pipelines required for finance. Bank of America’s use of Alteryx has allowed the automation to be supported by Finance without the need for specialized technology teams.  

Digital technology is an area for an enterprise to go beyond transformation and work towards modernization and innovation. Alteryx addresses the challenges of streamlining analytics and data automation to gain efficiency in bringing data together for range of business needs. Enterprises with manual data processes that are not automated and linked to the analytics needs of business will appreciate the workflows Alteryx provides for teams that need accurate and governed pipelines and orchestration of data. 

Enterprises looking to maximize the value of business and technology investments across people and processes should consider how digital technology can optimize digital potential. If you have not examined how Alteryx can help your enterprise, it is well worth your time. Congratulations, David Hardister and Bank of America, for your leadership. 

Ventana Research, now part of ISG, offers expertise and research-based guidance on embracing digital technology to increase the effectiveness of the workforce and engagement of customers. Change is required to maintain competitiveness and enable business resilience and workforce readiness to achieve the outcomes your enterprise deserves.