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Financial Services
FINANCIAL FIRMS
LEARN TO LOVE
CUSTOMERS
BY EXTENDING
DATA ANALYTICS
The Wall Street Journal news organization was not involved in the creation of this content.
WSJ. Custom Studios is a unit of The Wall Street Journal Advertising Department. WSJ. Custom Studios ©2016
FINANCIAL FIRMS
FINANCIAL FIRMS
LEARN TO LOVE CUSTOMERS
LEARN TO LOVE CUSTOMERS
BY EXTENDING DATA ANALYTICS
BY EXTENDING DATA ANALYTICS
Imagine billions of dollars are locked in a
safe sitting in front of you and your colleagues.
You have one number of the combination, which you have been instructed not to share with anyone. You don’t
know it, but your colleagues are in the same predicament. Each of you is closely hoarding one number. None of
you know what the others have. And each of you is so close, yet so far, from being able to open that safe.
Banks, insurance companies and other financial-services firms around the world are in just that fix. They have
long possessed mountains of customer data and information that could help them generate greater profits
and enhance customer satisfaction. But because the information is spread among multiple people in multiple
departments across multiple database systems, most financial-service companies are only now learning how to
pull all of their information together and share it with their employees in a way that will help them operate more
efficiently and profitably. Some companies are moving along much faster than others.
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