Current State Assessment: Global Analytics Ecosystem
New Aite Group research takes a deeper dive into understanding the challenges analytics executives face as they try to orchestrate the analytics process across their organization
Boston, MA (Oct. 15, 2019) – Financial Institutions (FIs) hold a vast amount of consumer data, but many struggle to consolidate it into one centralized location, limiting their insight into how customers use the products and services offered across the organization. And even if FIs make all of their data accessible from one place, they will still be challenged with orchestrating the analytics process across the organization using their existing solutions. Aite Group’s latest report, Current State Assessment: Global Analytics Ecosystem, explores how FIs can truly orchestrate the analytics process in order to get a single view of a consumer and to take actions that can help the consumer.
“Many FIs are assessing their analytics solutions to determine how to create an ecosystem that will allow them to quickly react to market changes and integrate new data and new analytics techniques, such as AI and ML, into their analytics process to create a competitive differentiator,” explains Tiffani Montez, senior analyst at Aite Group.
The report, sponsored by TransUnion, explores the use of consumer analytics in the financial services and insurance industries. It is based on the Global Analytics Survey, a quantitative online survey of 682 marketing and risk executives at financial services and insurance companies in the U.S., Canada, the U.K., Hong Kong, and India, which was conducted in Q2 2019.
Click here for the online report summary or to download the table of contents.
The Three Pillars of the Analytics Ecosystem (Aite Group)
This 45-page Impact Report contains 35 figures and two tables. Clients of Aite Group’s Retail Banking & Payments, Life Insurance, or P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.
Click here for the online summary or to download the table of contents.
About Aite Group
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us at www.aitegroup.com.
Source: Aite Group
Tags: Aite Group, analytics, Ecosystem Read the original article at Insurance-Canada.ca