Digital transformation is transforming industries beyond recognition. Not only does the digital revolution simplify tasks but also makes them more transparent. Retail banking is one such sector where digitalization has immense potential. Especially as the conventional systems are getting outdated and the older workforce aware of the hardcoded methods is retiring, banks are under high pressure to digitalize their systems.
Although the greatest advantage of the traditional banking system has been the trust factor, consumers are increasingly shifting towards new players such as Google, Amazon, and Apple because of the convenience in transactions offered by them. Customer preference is also putting the retail banking under pressure to digitalize.
Technology continually disrupts every area of people’s lives, resulting in constant shifts across all segments of society. The education sector is no exception. Technology is leading a revolution in the way students learn today. It is helping to solve the problems of scale, quality of education, and learning ability of the student.
Teachers can now reach every student through digital screens, enabling each of them to get the same content. Student engagement is higher as it combines various instructional styles. In addition, each student gets exposed to a world-class education, which is not available in a chalk and talk method.
Digitization of education helps in modifying the learning methods by utilizing digital tools, such as smart-boards, LCD screens, and videos. The shortage of teachers can also be addressed by delivering the information remotely across several locations to the learners through interactive digital media.
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