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SMACing the Bank : How to Use Social Media, Mobility, Analytics and Cloud Technologies to Transform the Business Processes of Banks and the Banking Experience

Author: Balaji Raghunathan; Rajashekara Maiya
Publisher: Boca Raton, FL : CRC Press, 2017.
Edition/Format:   eBook : Document : English : First editionView all editions and formats
Summary:
"The formula for the Future of Work is called SMAC - social, mobile, analytics and cloud on one integrated stack where each function enables another to maximize its effect. This is the new enterprise IT model delivering an organization that is more connective, collaborative, real time and productive. This book provides a comprehensive view of how SMAC Technologies are impacting the entire banking "eco-system" as  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Balaji Raghunathan; Rajashekara Maiya
ISBN: 9781315119632 1315119633
OCLC Number: 1008839712
Description: 1 online resource : text file, PDF
Contents: Series Page; Title Page; Copyright Page; Content; Foreword; Acknowledgments; About the Authors; Introduction; 1: Digital Transformation of Banking A 30,000-Foot Viewâ#x80;#x8A;; Shift of IT Investments in the Banking and Financial Services Sector; Drivers behind the Increased Adoption of SMAC Technologies by Banks and Financial Institutions; Singularity and the Rise of Smart Digital Assistants; Consumerization of IT; Democratization of IT; Reduced Cost of Computing; Digital Natives and Their Entry into the Workforce; Rise of the Digital Consumer, and Prosumer. Race between Enterprization of the Consumer and Consumerization of the EnterpriseRise of Open Source Technologies; API Economy; Banking the Unbankedâ#x80;#x8A;â#x80;#x8A;â#x80;#x8A;35â#x80;#x8A;, â#x80;#x8A;36â#x80;#x8A;; Benefits of SMAC Adoption; Foundation for Digital Transformation; Productivity Gains, Operational Efficiency, and Automation; Customer Intimacy and Entry to New Markets; Challenges and Impact of SMAC Technologies on the Financial Sector; The Rise of Fintechs; Disintermediation of Financial Services; Aggregators; Culture and Mindset Change; New Competitors; Shift in Business Model; Financial Technology Evolution; Conclusion. Mobile Payments and WalletsMobility Reference Architecture; Analytics Primer; Challenges Faced by Chief Data Officers; Developing an Enterprise-Wide Integrated Analytics Strategy; Reference Architecture for Analytical Applications; Cloud Primer; Ignoring Cloud Computing, the Prescription for Shadow IT; Engaging Cloud Computing Infrastructure Providers; Consuming Cloud Computing; Underneath the Cloud. Server Virtualization:â#x80;#x83;involves running hypervisor software over physical servers to create a set of virtual machines that are isolated from each other, but share the hardware infrastructure. Each virtual machine can have different operating systems instaDesktop Virtualization:â#x80;#x83;involves running software to create a virtualized desktop that is accessible securely and remotely on any other device anywhere. When a desktop is virtualized, all the applications and the data installed on the desktop or specific. Application Virtualization:â#x80;#x83;enables windows applications to be deployed (and managed) centrally at the data center while the application screen images can be streamed to client devices (mobile devices and desktops and laptops running other operating syste.
Responsibility: editors, Maiya, Rajashekara.

Abstract:

"The formula for the Future of Work is called SMAC - social, mobile, analytics and cloud on one integrated stack where each function enables another to maximize its effect. This is the new enterprise IT model delivering an organization that is more connective, collaborative, real time and productive. This book provides a comprehensive view of how SMAC Technologies are impacting the entire banking "eco-system" as well as the key stakeholders, namely customers, employees and partners."--Provided by publisher.

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