Millennials and Banks: Surmounting the digital divide
There is a rumor going on about a Fourth Industrial Revolution.
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There is a rumor going on about a Fourth Industrial Revolution.
Managing performance by using the Balanced Scorecard (BSC) concept assists banks in appreciating whether their growth strategies are successful or not, and what new initiatives are required to achieve their strategic objectives in the future.
Customer focus is an important value driver for many industries, but in banking it is the corner stone the entire decision making process. Modern studies on bank performance management have identified customer focus as the leading indicator for industry success both in past assessments and future predictions.
After the financial crisis that began in 2008, banks have been taking steps to improve their performance management and measurement capabilities in light of new economic and market conditions and new management needs.
Data science encompasses numerous technologies, including big data analytics and artificial intelligence (AI). Entire sectors and individual companies can depend on it for a variety of reasons.
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