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When the COVID-19 pandemic hit, the financial services industry had to adapt quickly, as long-anticipated shifts in customer preferences—from branch offices and bankers to websites and apps – suddenly became the new normal. Consumer, commercial, and investment banking choices have never been so abundant—or so easy to access.
Customers anywhere in the world can quickly access a company’s wares by just tapping on a website on a mobile device. The Internet of Things (IoT) allows individualized advertising, real-time stock monitoring, and robotic order fulfilment. Customers can purchase whenever convenient, regardless of time zones or physical locations.
Capable of handling a large volume of data, it Is the most commonly used system of storing, retrieving, and displaying data, and it’s used for millions of websites worldwide. It’s an open source system, but there’s also proprietary code and a “premium” version available for paid users.
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