Data is at the heart of all businesses today. An effective data management capability enables enhanced decision making and supports timely and insightful reporting to senior management. Organizations who treat data management as an asset will create a competitive advantage in the form of cost savings, enhanced customer insights and an ability to respond quickly to changing market conditions.
97% of financial services organizations are investing in data management projects, and 75% of organizations claim to have already received some measurable benefit from these initiatives, by creating a competitive advantage.
The global COVID-19 pandemic has heightened the necessity for organizations to identify cost cutting opportunities, whilst building a more comprehensive view of risk. This paper seeks to provide practical solutions for organizations to leverage data to reduce costs, remain competitive and ensure operational efficiency in times of extreme uncertainty.