2024金融机构数据资产DataAsset研究报告-如何将数据转化为核心资产 英文版 .docxVIP

HOWDATACAFIRM’SMOSTBEAFINA

HOWDATACA

FIRM’SMOST

INTRODUCTION

“Bankingisaverygoodbusinessifyoudon’tdoanythingdumb.”

“

WarrenBuffett

Businesshasarguablyneverbeentougherinfinancialservices,duetorisingcosts,newcompetition,andmoredemandingcustomers.Ithasthereforeneverbeenmoreimportantforbanksandinsurerstoprioritisedataastheirmostvaluableassetandemployitintelligentlytoincreaseefficiencyandcompetitiveness.WarrenBuffetmighthavebeenrightwithwhathesaid30yearsago.Buttodaybanksmustdomorethanjustavoid“anythingdumb.”Theyhavetoactmuchsmarter.Andaswewilldiscover,thedeploymentofAIcapabilitieswillbecentraltoachievingit.

Thewaytheseenterpriseswinwillbealmostsolelydependentontheirapproachtodata.Itpermeateseveryaspectofthebusinessandismultiplyingexponentially.But,ifitisnotharnessedanddeployedbetterfortheuseofthebusiness,itwilloverwhelmtheorganisationanditspeople.

83%offinancefirmssaydataistheirmostvaluableasset…

But…

Only16%ofthosefirmsconsiderthemselvesexcellentat

extractingvaluefromtheirdata

Source:EYReport2022

Thisebookexaminesdataacrosstheorganisationandhownewtechnologiescanbedeployedtoproducemoreinformedandeffectivedecision-making,reducefraud,simplifyregulatorycompliance,strengthencustomerengagement,boostoverallperformance,andmuchmore.

Thoseexamplesunderlinehowthediscussionalsoneedstomoveonfromthegenericterm“data”andfocusonthequalityandavailabilityofspecifictypesofdataandhowtouseitbetter.Thesecanincludecustomerdata,transactiondata,financialperformancedata,andmanyothersets.

Itwillshowhowthoseorganisationsthatcommittosmarterstrategieswithcleanandrelevantdatacanoutperformthosethatdonot.NewtechnologiessuchasGenAI,AI/ML,andLLMs,whichthriveonanabundanceoftherightdata,willthenbeablet