Technology to disrupt investment banking practice?
So far, much of the hype on the potential power of disruption by technology to the area of finance has been centered around payment, credit/lending and robo-investment. Hardly has there been any real change to the day-to-day practice of investment banking. For instance, people still use excel to do financial models (albeit with newer version of Microsoft Office) by employing the same formula that has been in place for decades. In addition, (more as a sad facts), people spend/(waste) too much time gathering data instead of analysing data. We end up being no smarter than our bosses (at least professionally) in terms of leveraging technology to improve how the business is done.
So what are the potential areas where technology could play a major role to move the way investment banking is practiced forward?
Appreciate views, in particular on any specific groups/products within IBD.