Virtual Simulation and Augmented Interfaces for Business Models with Focus on Banking and Retail

Globally, priority for technology solutions is towards launching strategic cost restructuring in sourcing, processes and infrastructure. Banking and retail business drivers are explored in context of a maturity model to better understand future needs. Cost reduction and richer user experiences are identified as the primary objectives for banking and retail. Simulation and augmentation of business infrastructure can reduce cost and launch innovative solutions to market that would ease the challenge of servicing the millennial population. The study proposes a logical solution to create futuristic organizations by integrating virtual simulation, augmented interfaces and IT systems to meet the emerging challenges in retail and banking.