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4.4.1 Look Beyond the Traditional Enterprise Firewall
ОглавлениеKevin Hanley is responsible for various types of activities at RBS, such as exploring innovative ideas worldwide, managing exploratory labs and applying the control process which supports to take creative ideas from theoretical to practical. He talked to some smart people globally and met around 1,500 companies in a year dealing with technologies ranging from larger organizations to smaller starts-up. He believes about the world, especially in finance, is getting changed exceptionally. The technology is getting changed so fast and it is becoming cheaper and ubiquitous which is representing a significant shift of the organization dealing with finance. The business operations related to traditional banking system has been broken into smaller one and most of them are being provided by the industries. Companies dealing with finance which are successful must identify and hold such change. To achieve success in the current scenario of disruption, large banks should merge their long-lasting skills with the knowledge of new entrants. Business executives are emphasizing to innovate, hence, should look ahead of the legacy enterprise firewall. Yet, Hanley warned the leaders and other executives about the change in cultural element are more complicated as compared to the technical transformation. Finance is turning to be more competitive and businesses should be more open. The success of the executive will be determined by the ability to work with others. There are various opportunities available for each type of organizations whether it is big or small but with the right skills. The organization must be able to adopt the changes technically and culturally [14].