June 24, 2022
The financial services industry is facing numerous challenges. Companies need to keep costs down while improving business agility, service, and products to effectively compete against incumbents while fending off emerging fintechs.
Financial institutions are leveraging digital, data, and AI to retain existing customers while looking for ways to grow the business. The whole industry is moving faster toward digital transformation and modern environments, including next-generation analytics and solutions that leverage cloud data warehouses and cloud data lakes.
The cloud provides a flexible, scalable environment for storing and managing the diverse and high-volume data needed for advanced analytics and digital transformation, and financial services firms are planning to take advantage of these benefits.
This TDWI Data Points Report discusses the current state of modern data environments in financial services, with a focus on the cloud. It examines the challenges organizations are facing, the opportunities for modern environments, and the value they can provide.