1 Factors Analyze Factors Contributed Obsolescence Dissolution Banking Industry Bank Ameri Q34196307

1. Factors – Analyze factors that contributedto the obsolescence or dissolution of The Banking Industry, Bank ofAmerica.

2. Impact of Factors: Assess the impact of thefactors you analyzed on opportunities for change and innovation inthe business environment of The Banking Industry, Bank ofAmerica

Expert Answer

Technological gap is one of the biggest gaps in the bankingindustry. Need of technological innovations is very high in aspecific industrial but development of the specific strategies aswell as technological advancement is very low in this specificindustry. Some factors for influencing the technological gaps areas follows.

Technological innovations

Development of different mobile applications such as retailbanking and big data