digitalisation of banking industry in the near future.
Instructions
This is master course that aims to introduce the concept of Management Information Systems (IS) to postgraduate students. It provides an overview on the role of IS in transforming business processes, supporting decision-making, facilitating strategy implementation, and enabling enterprise integrationThe author in the attached paper has anticipated the digitalization of banking industry in the near future. Based on reading this piece1-To what extend would you agree with his claim?2-To what extend would you expect that your relevant sector would be digital?(I work in Panda retail company , Savola Group , Saudi Arabia)-(they create Panda click)
Answer
Digitalization of sectorsI agree with the author that the covid-19 pandemic has served to hasten digitalization in the banking sector. Digitalization in this sector was not a new phenomenon as the technology was introduced before the pandemic struck. The covid-19 containment measures such as lockdowns, restrictions of movements, social distancing, and avoiding crowded places meant that access to banks physically was going to be cumbersome. This made many people resort to the use of online transactions that proved to be efficient, reliable, cost-efficient, and a great measure in reducing physical contact, which is the new norm brought by the pandemic. This was coupled with high smartphone penetration in the society and more internet connectivity during the pandemic. It has eliminated the ge...
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