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International Journal of Trend in Scientific Research and International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101

this it is not only the availability but also the this it is not only the availability but also the 12. www.strategyand.pwc.com/media/file/Strategyandwww.strategyand.pwc.com/media/file/Strategyand
knowledge to use it and get benefits from it. knowledge to use it and get benefits from it. _Maximisi ng-the-Impact--of-Digitization.pdf
Questions arose on the readiness of the workforce to Questions arose on the readiness of the workforce to 13. www.thediplomat.com/2016/12/indiaswww.thediplomat.com/2016/12/indias-
embrace digitalization. The financial services industry digitalization. The financial services industry
demonetization-time-for-digitaldigital-economy
has many legacy systems which have to be compatible has many legacy systems which have to be compatible
to the new digital technologies. Some of these to the new digital technologies. Some of these
systems are so complex that any integration to the systems are so complex that any integration to the
legacy is almost not feasible. Hence, the workaround legacy is almost not feasible. Hence, the workaround
to ensure the integration is made possible. In worst sure the integration is made possible. In worst
cases, it is almost not possible to do anything other cases, it is almost not possible to do anything other
than to change the legacy systems. New technology than to change the legacy systems. New technology
means new skill sets’ to be acquired. At times, it is means new skill sets’ to be acquired. At times, it is
rather difficult to change certain mindsets to adorather difficult to change certain mindsets to adopt
new skill sets. With so many changes happening on new skill sets. With so many changes happening on
the technology side, it is not surprising to see the technology side, it is not surprising to see
resistance from all levels in the organization. There resistance from all levels in the organization. There
are new responsibilities resulting from the digital are new responsibilities resulting from the digital
transformation affecting the whole organizationstransformation affecting the whole organizations.

REFERENCES
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Joshy Jacob and Jayanth R. Verma, “Financial Joshy Jacob and Jayanth R. Verma, “Financial
literacy among working young in Urban India”, literacy among working young in Urban India”,
W.P. No. 2013-10-02 IIMA, Research and Research and
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2. Shahnaz Nurul Mahdzan, and Tabiani, S. “The Mahdzan, and Tabiani, S. “The
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Transformation in Business & Economics, Vol. Transformation in Business & Economics, Vol.
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the Hindu.
4. economictimes.indiatimes.com/markets/experteconomictimes.indiatimes.com/markets/expert-
view/demonetization-effect-more-andand-
morepeople-are-going-for-digital-paymentpayment-
chanda-kochhar/articleshow/55495397.cms kochhar/articleshow/55495397.cms
5. Network Readiness Index 2016 www.www. We forum.
org
6. Www. Business standard. com/ article/article/ news-ians/
disruptive- jio- offers- will- help- digitisedigitise- rural-
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7. www.digitalindia.gov.in

8. www.deity.gov.in
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10. www.nber.org/papers/w15352.pdf NBER working NBER working
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11. www.scientificamerican.com

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