In today’s dynamic and disruptive business environment, it is extremely crucial to have a consolidated IT environment that enables the business by offering a single source of truth. I know what I am saying here, even though radical, is really not “discovery”. One would probably say that that is what we have been doing since ages. I agree! However, the external complexities and challenges have grown manifold. We have overcomplicated our lives and correspondingly, our support systems.

A friend of mine was very worried the other day. His son, based in Toronto, had just informed him that he was transferring his savings from one of Canada’s largest and most established banks to one that had virtually no physical presence. No typical neighborhood branch to walk into, no tellers to interact with over the counter. All transactions would be carried out over the Internet, mobile app or via telephone. He asked if he should stop his son from switching banks as such a “virtual” institution did not inspire his confidence.