Banker S.A. June 2013 | Page 48

IT realisation of industrialisation The Industrialisation: unavoidable but full of opportunity, argue Capco partners Ido Gileadi and Stephen O’Sullivan in this extract from their thought leadership paper. T oday, key industrialisation drivers include globalisation, the emergence of scores of new, high-growth economies and tens of millions of new middle-class populations. Meanwhile, technologies from cloud computing to permanently networked mobile devices have totally transformed the way most other industries manufacture goods and services, as well as interact with consumers. For financial services, this is an opportunity on an unprecedented scale. But it requires an equally profound rethink of what banks are for and how they work in order to move to Y