DWBI

5 reasons why financial institutions should adopt dashboard technology

The financial services industry is feeling increased pressure as compliance and risk management needs steadily increase. Driving this pressure are the new federal banking regulations and the increasing dollar amount of regulatory fines. Financial institutions’ senior leadership is faced with new challenges around managing risk in addition to managing the amount of resources dedicated to 

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Testing data warehouse – A four step approach (Part II)

In my previous post  I elaborated on the key factors to be ensured in Data quality validation and end user & BI / report testing for an effective outcome. Data quality validation comprises of test for data completeness, data transformation and data quality. In this post I shall explain about the other two aspects that Data 

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Testing data warehouse – A four step approach (Part I)

The success of any Data Warehouse (DWH) solution lies in its ability to not only analyze huge amounts of data over time but also to provide stakeholders and end-users meaningful options that are based on real-time data. While details are elaborated below, it is essential that a good DWH test strategy should cover validation of 

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Improving customer experience and the need for customer data management in the utilities sector

In the UK the Water industry operates on a geographic basis. If you live in a water company’s supply area, then that company bills you for the supply of fresh water and treatment of waste water. In the electricity and gas industry the retail market is more open and non-geographic, so you can have a 

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Operational risk is a Data issue

The Basel II framework  defined “Operational Risk” as “the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.” It introduced a capital charge related to this risk. The specific definition of what constitutes that risk differs from institution to institution but is based on potential losses stemming 

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Web analytics – 5 Key Considerations for Successful Product Selection

Marketing teams and corporate strategists are constantly on the lookout for online user behavior reports to both facilitate effective decision making, and enhance customer experience. Web properties are the best way to reach customers and to collect this information first hand. There are a myriad of both open source and commercial tools for such web 

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How Master Data Management can help Capital Market Organizations Onboard Clients, comply with Dodd-Frank and enable Business Transformation

It is important to keep in mind that most problems have more than one right answer; the challenge is to determine the best answer. The challenges raised by the Dodd-Frank Act provide the opportunity to determine which of the many potential solutions would be the best answer for your organization. Many of the banks that 

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9 Considerations for Enterprises Establishing a Mobile BI Strategy

Today’s “Gen Y” workforce, a workforce which embraces “Bring Your Own Device” (BYOD) including tablets, smartphones and other mobile devices, is forcing organizations to put into place comprehensive mobile Business Intelligence (BI) strategies. While the enterprise mobility team will be the primary drivers in terms of choosing the right mobile strategy, there are very specific 

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IBM Information on Demand 2012: A Look into the Future of Information Management

IBM’s Information on Demand (IOD) 2012 conference held in October at the Mandalay Bay in Las Vegas was like a theme park for information management. It’s one of the best forums for creating and experiencing the buzz among business partners, industry activities and customers. At this event, there were just as many new questions created 

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Making Sense of Your Big Data with BPM: Turning Insights into Action

In a previous blog post, I discussed the benefits of the convergence between Business Process Management (BPM) and Master Data Management (MDM). The basic concept was to leverage BPM as the data governance mechanism to ensure data quality, consistency and unification within the enterprise. The point really was that it is hard to optimize your 

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7 Ways to Use Big Data to Gain Competitive Advantage and Improve Customer Loyalty

We are finally starting to see companies using their customer data more effectively to gain better insights on consumer buying patterns and preferences, allowing them to increase their cross selling opportunities and improve customer loyalty. Historical analytics and marketing practices are falling short in reducing customer churn and combating declining revenue per customer.  With the 

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What’s a Business Process without Master Data?

While the linkage between business process management (BPM) and master data management (MDM) initiatives has been explored for some time, it’s only now that we’re beginning to see companies truly think about these initiatives as fully integrated programs. For quite some time, I have been a strong advocate for the convergence of BPM and MDM 

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Cloud Computing Adoption in the Banking and Financial Services Industry

Despite the slow adoption of cloud computing by the banking and financial services industry with security and reliability being the major concerns, financial institutions are quickly resorting to cloud-based services to achieve increased agility and lowered total cost of ownership (TCO). According to IDC, worldwide revenue from public IT cloud services exceeded $21.5 billion in 

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Optimizing Your Business with Pervasive Business Intelligence

Recently, I was accompanied by Boris Evelson of Forrester Research and Ajoy Kumar, leader of Virtusa’s data warehousing and business intelligence practice for a webinar on Pervasive Business Intelligence.  In the webinar, with attendees from industry and blogging community, Boris and Ajoy discussed the issues associated with pervasive business intelligence as well as best practices 

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