Balancing Business, Technology, and Global Expertise

Abstract

Recent changes in global economy have been focusing on the need for a proactive approach in the International Financial Services sector. Integrating business, the knowledge of experts, and emerging technologies are the basic components for proactive approach. The activities related to financial services are generally a complex process. The requirements for a global market need to be analyzed from various risks in business. Now organizations have to understand the value of sharing resources such as human centered assets, physical assets and the components of Information communication technology, to gain competitive advantage in virtual environment. The concept of virtual organization plays an important role in the present globalization scenario. All the virtual organizations will share the common resources for computing power and data across the globe. Grid and mobile computing concepts will be required to be integrated in the present global market.