More than 47 million workers quit their jobs last year amid the Great Resignation, many seeking out roles that align with newfound employee expectations. The ongoing labor crisis is hitting financial institutions particularly hard – 4 out of 5 financial institutions are worried about staffing shortages, according to the Financial Brand. Financial institutions that find themselves with fewer skilled IT employees on deck due to the Great Resignation face the risk of falling behind pace with the innovation demanded by members and employees.
A workload automation and orchestration (WLA&O) strategy triggers the reallocation of existing IT talent to focus on the most value-driven initiatives, helping financial institutions reduce IT’s intervention in monotonous and time-intensive tasks. Beyond batch scheduling and self-service workflows, WLA&O can extend past core IT processes to include lights-out processing, ETL and data warehouse automation, and document imaging and storage, amongst a growing list of use cases outside the core.
