The Banking Industry has reached its service almost to every corner of the country with latest technology . Select from the Choices below, which one describes best this from digital technology perspective:Select one:a. All of the givenb. Digitization of its products and servicesc. Digitalization of businessd. Digital transformation of the processes and products of Banking Industry
Question
The Banking Industry has reached its service almost to every corner of the country with latest technology . Select from the Choices below, which one describes best this from digital technology perspective:Select one:a. All of the givenb. Digitization of its products and servicesc. Digitalization of businessd. Digital transformation of the processes and products of Banking Industry
Solution
d. Digital transformation of the processes and products of Banking Industry
This option best describes the situation from a digital technology perspective. It implies that the banking industry has not only digitized its products and services, but also transformed its processes using digital technology. This transformation is likely what has allowed the industry to extend its reach to almost every corner of the country.
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