Leading Canada and US Bank Develops Intelligent Decision Making Capability through Data Transformation
July | 2020
Client background
Challenge
The client’s data management environment was highly fragmented with data stored in disparate information management systems. This hampered timely delivery of transactional reports, impacting customer experience and business continuity. Lack of visibility into enterprise-wide data, combined with a sluggish data processing platform hindered users’ ability to get comprehensive insights into customer needs. In addition, it was crucial to modernize the legacy data platforms to optimize costs. The client was therefore looking to build enterprise data lake infrastructure and framework for insights- and AI/ML-driven analytics while modernizing legacy data repositories. This was crucial to reduce infrastructure cost, avoid duplication of data sets, and enhance regulatory compliance by adhering to international standards, such as DFA and BCBS principles.
Solution
Wipro implemented data modernization across the enterprise to create an integrated data ecosystem spanning across more than 100 source systems and 10+ lines of business. The layered architecture helped the client improve data consistency, enabling business users to gain access to enterprise-wide data in Information-as-a Service model. Wipro also enabled advisory services for strategic maturity assessment, helping clients develop their new age data and analytics roadmap. The highlights of the solution include:
Business impact
Wipro helped the company leverage intelligence by enabling transformation of their data and insights processes.
The solution helped the client:
To gain the advantages of new technology, organizations are getting ready to undertake a BI Transformation journey moving from historical reporting to planning and forecasting in a bid to identify and address emerging opportunities
Challenges in Risk Management can be addressed with technologies leveraging KRIs, as risk technologies will put Enterprise Risk Management more centrally in organizations
CFO's roles have evolved from being official bean counters to that of strategic partners. CFO's responsibilities & experiences make them to most suited to embrace as well as advocate technology adoption
© 2021 Wipro Limited |
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© 2021 Wipro Limited |
Pharmaceutical & Life Sciences