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The Road Ahead: Alternative Model Digitization and Required Developments

In: Digital Finance, Bits and Bytes

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  • Vasant Chintaman Joshi

    (Bank of India)

Abstract

The chapter gives a very broad road map for transition to a complex and difficult changeover. In the first place an easier solution would be to set up a branch for high net-worth individuals and start the operations there when the changeover is being undertaken. This would be a sure way not to disturb/discontinue the operations in legacy system working. In fact it would be an experimental hub. In case this is not possible then there is no option but to take up the challenge and have the required development work at the shop floor level. This practice is now followed by many organizations going in for major changeover. This affords opportunities to staff members working there to air their problems, and also ensures that the developers know exactly what the staff requires. Of course one needs to give proper briefing to the staff and a proper supervised environment to ensure that unnecessary problems are not created. It requires a magician’s skills in keeping a number of colored balls in the air at the same time.

Suggested Citation

  • Vasant Chintaman Joshi, 2020. "The Road Ahead: Alternative Model Digitization and Required Developments," Springer Books, in: Digital Finance, Bits and Bytes, chapter 0, pages 199-200, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-3431-7_13
    DOI: 10.1007/978-981-15-3431-7_13
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