Envision Financial Systems' 2022 Big-Think Mini Survey finds alignment of firms' priorities & efforts across five tech trends

    COSTA MESA, CA, December 15, 2022 /24-7PressRelease/ -- Envision Financial Systems, the leading provider of real-time investor recordkeeping solutions, shared results of its 2022 Envision Big-Think Mini Survey of business and technology executives advancing securities processing and back-office operations. Respondents indicated that seamless inter-app connectivity and artificial intelligence were the top issues they were focusing on for the future.

The survey also asked about robotic process automation, blockchain, and cryptocurrencies. "For all five trends, respondents rated importance higher than their firms' efforts, but the gap between importance and effort was roughly consistent across all trends," said Brian Jones, executive vice president at Envision. "So, even as they might like to be doing a bit more to keep up with all the tech trends, respondents are at least fairly comfortable with the relative allocation of their firms' tech efforts in the different areas."

The survey also gauged respondents' view on blockchain's significance to their businesses. More than half (55%) of the survey takers said the blockchain trend was important or very important, while only a quarter rated their firm's efforts as moderate or significant. Nearly half expected blockchain to transform their businesses within five years.

"Whereas respondents were mostly positive on blockchain, they were warier of cryptocurrencies' relevance," said Jones. "We think many respondents' skeptical view of the transformational potential of crypto may have been informed by the extreme levels of price volatility in the cryptocurrency market and lack of regulatory guidance when the survey was in the field—and all the more so now, given recent events."

The survey also included a question about cloud environments for investor data and found respondents to be keenly focused on security. Over two-thirds of respondents said they were most comfortable using a virtual private cloud hosted on a public cloud platform such as Azure or AWS. Housing investor data on a private cloud was a close second, with half of respondents indicating they felt more comfortable with that option. Fully public clouds were the least popular option of the three. Only 20% of respondents felt comfortable using them.

Jones said, "We've noted the development of an incredibly strong preference for working in the cloud in recent years and are unsurprised by the strong focus on security."

Survey results are available on the Envision website: https://enfs.com/big-think-mini-survey/.

About Envision Financial Systems, Inc.

Envision is the leading real-time investor accounting platform provider, helping its clients identify and solve problems with innovative and flexible solutions. For more than 25 years, asset managers, administrators, 529 program managers, and brokers have relied on Envision's solutions to automate processing and optimize efficiency. Broker-dealers, insurance companies and other intermediaries use Envision's sub-accounting systems to meet compliance, advisor, back-office and investor needs. In total, Envision supports more than $4.2 trillion of investor assets. Founded in 1994, Envision is headquartered in Costa Mesa, Calif. and also serves clients from offices in Denver, CO, Owings Mills, Md., and Bangalore, India. Learn more at www.enfs.com.

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