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What is EJs overall approach to adopting new technology? Does this approach reflect more the advice of N. Carr (IT Doesnt Matter) or that of the Gartner Group?

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the article, Inside Edward Jones Take on TechnologyPreview the document, describes this financial services firms overall approach to developing and investing in information technology. In 1-2 pages, answer the two following questions: 1) What is EJs overall approach to adopting new technology? Does this approach reflect more the advice of N. Carr (IT Doesnt Matter) or that of the Gartner Group? Explain why? 2) It appears that EJs is steering clear of the trend for many firms to move towards Robo-Advising (https://onwallstreet.financial-planning.com/news/edward-jones-steers-clear-of-robo-adviser-herd) (Links to an external site.)Links to an external site.Why do you think EJs is taking this approach? Do you think this is the correct approach by them? Footnote: Robo-Advisors take information provided by clients (retirement goals, spending habits, risk preferences and other factors) and make automated portfolio investment decisions without the need to meet face-to-face with an actual investment advisor. While this approach represents a dramatic departure from traditional investment services, an increasingly younger investor demographic seems to favor this approach. As a result, the already competitive financial services marketplace has seen the rise of new startups such as Betterment, Wealthfront, and SigFig who seek to capture this younger market share of investors. Along with this, other more traditional investment firms such as Vanguard and Morgan Stanley have also begun to offer robo-advisor services to complement their traditional investment services.


 


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What is EJs overall approach to adopting new technology? Does this approach reflect more the advice of N. Carr (IT Doesnt Matter) or that of the Gartner Group? was first posted on March 12, 2020 at 3:21 am.
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