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If you’re an IT leader in the financial services industry, you know what it takes to provide the infrastructure your organization requires. Bullet proof security, unshakable compliance, and massive data management all depend on you.
There’s another growing pressure you’re likely facing: the need to provide more analytics. With so much data pouring in, everyone from top execs to individual analysts is looking for ways to get more insight from data to help the organization excel.
How do you deliver analytics to everyone when you face tight budgets, no bandwidth, and the need for immediate answers? Implement self-service business intelligence.
If any of these 7 scenarios feels familiar, you’re ready for self-service BI:
Read this whitepaper for a complete look at this list and – most importantly – what’s in it for IT.
We've also pulled out the first several pages of the whitepaper for you to read. Download the PDF on the right to read the rest.
IT leaders in Financial Services have a lot riding on their teams. Security and compliance are essential backbones to keep the lights on. Data storage and management are pressing issues given the massive amounts of information pouring in. Networks and trading systems have to be bullet proof.
But there’s another growing pressure that IT must face: the need to provide analytics. Corporate leaders are acutely aware that buried in all their data is the secret sauce for competitive differentiation and industry leadership. And they turn to IT for the solution.
In this era, leaders within many industries – companies like Capital One, Amazon, and Harrah’s – have built their prowess on analytical cultures. As Thomas Davenport and Jeanne Harris explain in their book Competing on Analytics, “Organizations are competing on analytics not just because they can…but also because they should.”
How can you close the gap between the goal to become a data-driven organization and the reality of tight budgets, a business intelligence (BI) team without bandwidth, and demand for solutions that can be up and running immediately? The answer is self-service business intelligence.
Instead of confining your organization to a small pool of expensive, elite, BI professionals, self-service BI equips individuals throughout the organization to do their own analysis. The good news? These people are experts and they know exactly the questions they need to ask and answer. The great news? They’ll have a solution that gets them answers quickly they can then share with colleagues, fueling the reality of a data-driven organization.
How do you know you’re ready for self-service BI? Look for these 7 indicators:
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