Assessing Digital Disruption's Impact on Lloyds Bank: A Data Report

This report provides a comprehensive analysis of digital disruption's impact on Lloyds Bank. It begins with an introduction to digital disruption and its effects on various sectors, followed by a specific examination of Lloyds Bank. The report explores the bank's digital investment strategy and the resulting changes in job roles and required skills, including data scientists, data processing officers, and financial analysts. It includes a questionnaire designed to gauge customer perceptions and the impact of digital disruption on the banking sector. A discussion guide for interviews is also presented, outlining effective research techniques. The report concludes by discussing the positive and negative impacts of digital disruption on employees' careers, with references to relevant academic sources. The overall aim is to provide insights into how Lloyds Bank is navigating the digital transformation and its implications for the future of banking.

Data Insight

Cover Content
 Introduction
 Digital Disruption
 Impact of Digital disruption on Lloyds Bank
 Types of jobs & skills required within Lloyds Bank
 Questionnaire
 Discussion guide for a interview
 Ways in which research techniques are carried out in effective manner
 Awareness, perceptions and impact about digital disruption on career
 Conclusion
 References

Introduction
• Digital disruption refers to alteration which takes place when business models as
well as new digital technologies creates an impact on value proposition of the
existent services & goods.
• Each sector or business which is rendering their services in the market gets
affected through this in both affirmative & pessimistic manner.

Digital Disruption
• The transformation that is caused through evolving business models as well as
digital technologies is referred to as digital disruption.
• These innovative models as well as technologies leads to creation of impact on
values related with the services & products that are being offered.

Impact of Digital disruption on Lloyds Bank
• Technology has altered the ways in which financial services are provided as it
furnishes new opportunities with respect to latest advances such as
cryptocurrency and artificial intelligence.
• Lloyds Bank has opted for transforming ways in which they serves their
customers via substantial digital investment and for this they have planned to
spend £3bn.

Types of jobs & skills required within Lloyds Bank
• Data scientist:
• Data processing officer:
• Financial analyst:
• Accountants:

Questionnaire
1. What is taking place at the boundaries of banking sector?
a) Traditional methods of working
b) Digitalisation of operations
c) Both
2. Do customers of Lloyds Bank ready to have a personalized brand experiences?
a) Yes
b) No
3. What will be the impact of digital disruption on Lloyds Bank?
a) Increase in number of customers
b) Decline in cost associated with serving a client in branch
c) Security threats
d) All of the above
4. Will digital disruption influence jobs within banking industry?
a) Agree
b) Disagree
5. Any suggestions for future research.

Discussion guide for a interview
• A map that will lead individuals of a firm to have learnings with respect to what
they need and will assist to have productive research sessions is referred to as
discussion guide.
• This discussion guide is associated with digital disruptions which takes place
within the banking sector.
• With respect to Lloyds Bank, it is necessary to acknowledge the boundaries
which will depict what evolution is being carried out within the banks, either it is
done or not and what it is all about.

Ways in which research techniques are carried out in
effective manner
• The questionnaire as well as research guide has been formulated, if information
related with digital disruption will be attained and Lloyds Bank is satisfied with
all the responses attained then it will imply that the questionnaire as well as
discussion guide assisted them to have the required details.

Awareness, perceptions and impact about digital
disruption on career
• Both positive & negative affect will be created on the future of individuals. With
respect to negative impact, the existent employees of Lloyds Bank are loosing
their employees due to digital disruption as they do not possess knowledge about
systems and hardly firms will invest in providing training to them if they can
have the persons who know to make use of software or systems.

Conclusion
• From above it can be concluded that, digital disruption is a broad way
which is liable for describing diverse modifications that affects technology
market.
• Within banking sector, digital disruption will make their operations more
smoother as well as assist their customers to have services at their tips.

References
• Hassani, H., Huang, X. and Silva, E., 2018. Banking with blockchain-ed big
data. Journal of Management Analytics, 5(4), pp.256-275.
• Maiya, R., 2017. How to be a truly digital bank. Journal of Digital
Banking, 1(4), pp.338-348.