In a hyperconnected digital world, collaboration is critical to business success. Disruptive technologies redefine what’s possible, industry boundaries are blurring, and in some cases, disappearing.
Open APIs mean that every business must look inward to understand its own value proposition and outward to devise new ways to deliver customer delight. Success increasingly requires collaboration with several third parties.
This new collaborative age brings threats and opportunities. Organisations with flexible, modular technology stacks will be well placed to capture new business opportunities quickly and profitably. In many cases this requires migrating to the cloud to achieve scale, real-time processing to adopt DevOps development methods. For most organisations doing nothing is not a viable option.
In the age of disruption, a company’s proud heritage does not ensure future success. Those who fail to collaborate are likely to be left behind.
Banks are moving to a connected architecture using open APIs and cloud-based ecosystems where collaboration is the norm. This model is transformational and applies equally to organisations in all sectors who must collaborate to deliver value.”