{"id":10446,"date":"2021-01-20T11:01:24","date_gmt":"2021-01-20T10:01:24","guid":{"rendered":"https:\/\/www.digdash.com\/?p=10446"},"modified":"2021-01-20T11:01:24","modified_gmt":"2021-01-20T10:01:24","slug":"business-intelligence-for-the-banking-sector","status":"publish","type":"post","link":"https:\/\/www.digdash.com\/en\/news-articles\/business-intelligence-bi\/business-intelligence-for-the-banking-sector\/","title":{"rendered":"Business Intelligence: an invaluable ally for the banking sector"},"content":{"rendered":"

Over recent years, Business Intelligence has become a major theme for many companies, and the banking sector is no exception.\u00a0<\/span><\/p>\n

BI promises to make organizations more agile and responsive<\/strong>, enabling them to seize opportunities and innovate in a strong competitive environment. It also promises to enable organizations to process and exploit large volumes of heterogeneous data more efficiently<\/strong>, offering more precise management at all operational levels –<\/span><\/p>\n

An “idyllic” situation, but with a few prerequisites. The first of these is a common, unified data approach<\/strong>. Then there is the availability of reliable and easily interpretable data<\/strong>, which is regularly fed and enriched, and usable at all levels: decision-making, transactional, operational, etc. These conditions cannot be met without the help of Business Intelligence.<\/span><\/p>\n

But how does BI respond to the <\/u>specific needs of the banking and finance sector<\/span><\/a>?<\/u><\/strong><\/span>\u00a0What tangible benefits does it bring? This is what we invite you to discover.<\/span><\/p>\n

More effective monitoring of financial KPIs<\/b><\/h2>\n

Commercial<\/b> and financial <\/span>performance indicators<\/b> are essential to develop and sustain a company’s activity. Among these are <\/u>essential financial KPIs<\/span><\/a><\/strong><\/u><\/span>,<\/span><\/a> which include changes in sales, working capital requirements and net margin.<\/span><\/p>\n

Although these indicators are extremely clear, the process of extracting the data required to calculate such indicators is not so clear. It is quite often necessary to juggle between internal and external data, in disparate formats, and to “join” them together. They must also be transformed and shaped so that they are readable and usable.<\/span><\/p>\n

It is here that a Business Intelligence solution takes on its full meaning, since it is capable of <\/span>processing raw data to then transform them into practical information.<\/b> Data visualization also plays a major role, allowing data to be shared in a fun way, with understandable visual representations. It is therefore possible to create a true financial performance dashboard, which is essential for the daily management of an organization.<\/span><\/p>\n

BI solutions go even further, allowing users to <\/span>tell stories using data<\/b> \u2014 a process known as data storytelling. So, it is no longer just a case of presenting statistics, but of transforming them into striking and fascinating information.<\/span><\/p>\n\n\n\n
T\u00e9moignage client :\u00a0<\/strong><\/p>\n

Volkswagen Financial Services<\/span><\/u><\/span><\/strong>: <\/strong><\/u><\/span><\/span><\/span>Increasing Commercial Performance through BI<\/span><\/strong><\/u><\/a><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Volkswagen-VWFS | BI at the service of business performance<\/a><\/p><\/blockquote>\n