Quest for Perfectionism
Banking Frontiers|June 2024
BFSI organizations have an ambitious goal: 100% digitalization. What will deliver this is technology and who will deliver this is IT professionals. IT professionals are on a continuous learning curve and pursuing lofty goals. Do they need the power of perfectionism? Do they have it within? Should they strive for it? 13 IT leaders from varied financial organizations reveal their experiences and thoughtful perspectives about perfectionism. All opinions expressed by the participants are their individual opinions and not necessarily those of the organizations they represent.
Quest for Perfectionism

Perfectionism – Rising or Declining?

Is there a growing trend towards perfectionism among IT professionals, or is it declining?

If this question were to be treated as an election, then among our 11 voters, 3 have voted for decline, 4 have voted for increase and 4 have voted for nuanced.

Shobika, Anupreet and Vamsi explain the decline. Shobika observes that perfectionism is declining among the experienced employees, though it is increasing among the freshers.

Anupreet asserts that in the IT world, progress matters more than perfection. Perfection can sometimes deter processes, especially in software development. Rather, what is valued more is collaboration which shows progress in delivery rather than waiting for the product to be perfect. Or in other words, journey is more important than the destination.

Vamsi agrees. He explains that the agility needs of today’s digital natives are more about delivering a ‘minimum viable product’ in the shortest timeframe than eyeing a perfect solution in the first attempt. Trends across industries, including large enterprises globally, suggest a similar bias, he says.

Nathan, Sarita, Muhammad and Jayachandra explain the rise.

Nathan sees an increasing trend towards perfectionism among IT professionals, which is shaped by industry and work culture. He alludes that perfectionism has negative impacts on individuals which must be mitigated. Towards this goal, the industry is promoting a culture of learning, worklife balance, and collaboration. Nathan sees a balance between striving for high standards and maintaining a healthy work environment is crucial for IT professionals’ sustainable growth and success.

Like Nathan, Sarita too sees a growing trend towards perfectionism aided by tools and technologies that boost efficient. This is unlike earlier times when one had to find a good balance between perfectionism and delivery deadlines with a minimum acceptance level.

This story is from the June 2024 edition of Banking Frontiers.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the June 2024 edition of Banking Frontiers.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BANKING FRONTIERSView All
Key Russian central bank official leaves
Banking Frontiers

Key Russian central bank official leaves

The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.

time-read
1 min  |
December 2024
Better prospects for Swiss banking in 2024, says new study
Banking Frontiers

Better prospects for Swiss banking in 2024, says new study

The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:

time-read
3 mins  |
December 2024
Ease of use, personalization & consistent engagement promotes digital loyalty
Banking Frontiers

Ease of use, personalization & consistent engagement promotes digital loyalty

Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:

time-read
4 mins  |
December 2024
From Feet on Street to Fingers on Screen
Banking Frontiers

From Feet on Street to Fingers on Screen

Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:

time-read
9 mins  |
December 2024
Digitization embraces the senior citizens
Banking Frontiers

Digitization embraces the senior citizens

Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:

time-read
8 mins  |
December 2024
Making of the most connected bank in Bangladesh
Banking Frontiers

Making of the most connected bank in Bangladesh

A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:

time-read
7 mins  |
December 2024
Digital embraces Archaeological Tourism
Banking Frontiers

Digital embraces Archaeological Tourism

Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:

time-read
4 mins  |
December 2024
Tech will bridge Advisory and Education
Banking Frontiers

Tech will bridge Advisory and Education

Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:

time-read
5 mins  |
December 2024
AI bridges Protection and Prevention
Banking Frontiers

AI bridges Protection and Prevention

Gyanendra Singh, Chief Technology Officer, Aviva India:

time-read
3 mins  |
December 2024
Bridging Products & Distribution for Rural Markets
Banking Frontiers

Bridging Products & Distribution for Rural Markets

Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance:

time-read
4 mins  |
December 2024