Published On Sep 21, 2021
In today’s fast-paced business environment, leaders need a broad, deep and connected view of their enterprise. This is particularly true in a digital enterprise since cross-functional collaboration is key to success. However, despite data lake projects, many organizations continue to face two major challenges:
1. Highly fragmented information Key reports with curated data are in Excel and PDF files. More granular information and analytics are in multiple departmental solutions. Moreover, business units often build their own version of analytics solutions for each department thereby further increasing complexity.
2. Long cycle-time to build multi-domain analytics solutions Business and functional experts see value in connecting information across domains of expertise and business units. However, they are disappointed with implementation timelines – often months or more. The implications are meaningful and lead to a competitive gap:
- Information complexity
- Barrier to cross-functional collaboration
- Incomplete fact-base for decision-making
- Blind spots, missed opportunities and increased risk
- Lack of speed and agility in adapting to evolving information needs
- Higher IT costs
In this Meet the Gurus, Jean-Michel Ares discusses digital transformation within financial institutions. What is happening and why. How organizations need to structure themselves for change. And, what role integrated analytics play in this process.
#meetthegurus #DigitalTransformation #FinancialServices #integratedAnalytics #starweaver
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