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As technology continues to progress, the IT and business departments within an organization will grow further and further intertwined. Digital advances have profoundly transformed business processes — and, in turn, strong business processes have led to the development of better technologies.
There are three means of conducting bank business: analog, digital and automated. Analog banking involves the slow and inefficient use of pens/pencils, paper and filing cabinets, a system that is extremely vulnerable to mistakes, errors and duplication. Digital banking is a step more advanced and includes the use of spreadsheets, email, hard drives and servers. But, while the tools and systems used are digital, data input and multi-platform synchronization is still done manually.