Has a new paradigm for business intelligence emerged?
Vivek Subramanyam,CEO of iCreate discusses the organisation’s aim to create a new paradigm for business intelligence solution - “Business Intelligence in a Box”. October 29, 2012 | Carol WheatcroftAccording to iCreate chief executive officer Vivek Subramanyam, as banks’ increasingly advanced technological capabilities see their transaction systems begin to multiply, it is not uncommon for small banks to possess 10 transaction systems, with 30-40 similar systems for mid-sized banks, and 80-100 for large banks. It was against this backdrop that iCreate’s founders decided that the next level of banking technology investment would be in extracting value from the data held by these systems, posing the question “what sort of information would stakeholders within banks require?” They concluded that although there appeared to be multiple requirements from different stakeholders, most of the information required came from the data held by transactional systems and could be classified under five pillars: - Management solutions (MIS): Information required for planning decisions around profitability and forecasting. In iCreate’s view, banks engage system integrators to assess their information requirements and then design, develop, test and deploy solutions that extracted the required data from banks’ transaction systems, presenting it in customised formats agreed with their banking clients. Recognising what they perceived as inefficiencies within the business intelligence (BI) arena, especially in the way solutions are packaged, iCreate set ... Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Data & Analytics, Data Management, Innovation, Technology & OperationsData & Analytics,Data Management,Innovation,technology, Data & Analytics,Data Management,Innovation,Technology & Operations, Keywords:ICreate, Vivek Subramanyam, BI, Biz$Score, Data Governance, BNP Paribas, ABN Amro, Bank Mandiri, HDFC Bank iCreate, Vivek Subramanyam, BI, Biz$Score, Data Governance, BNP Paribas, ABN Amro, Bank Mandiri, HDFC Bank
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