Operational BI embeds analytical processes within the operational business structure to support near real-time decision making and collaboration. This characteristic fundamentally changes the way how data is used, where it exists and how it is accessed. This change is rapidly exposing the limitations of traditional analytical tools.
Operational BI helps businesses make more informed decisions and [...]
Posted on May 11th, 2009 by Ashwin Dedhia
Filed under: Business Intelligence, Emerging Trends | 2 Comments »
Business Intelligence tools are being used by banks for historical analysis, performance budgeting, business performance analytics, employee performance measurement, executive dashboards, marketing and sales automation, product innovation, customer profitability, regulatory compliance and risk management. Let us take a look at some of these applications.
Historical Analysis (time-series)
Banks analyse their historical performance over time to be able [...]
Posted on May 7th, 2009 by Ashwin Dedhia
Filed under: Business Intelligence, Emerging Trends | 1 Comment »
The information requirements of banking business differ from other businesses on account of the following:
a. Banking converts money into information and vice-versa
Modern banking offers a large variety of services. But the most fundamental activity of any bank is ‘accepting deposits for purposes of lending’. By accepting deposits it converts money into a piece of information [...]
Posted on May 4th, 2009 by Ashwin Dedhia
Filed under: Business Intelligence, Emerging Trends | 2 Comments »
Drive & control better bank branch operations performance through customer-segment and product level planning, analysis, and reporting.
For most banks, managing customers effectively at the branch level is critical to success. Drawing demand deposits from consumers and small businesses funds the crucial lending activities that drive bank profits. Consider the importance of attracting the right customers, [...]
Posted on February 2nd, 2009 by Ashwin Dedhia
Filed under: Business Intelligence, Emerging Trends, View Points & Perspective | No Comments »
