How Analytics Can Transform the U.S. Retail Banking Sector
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چکیده
Executive Summary No matter how you slice it, banking is a dataheavy industry. But despite the proliferation of data, effective mining of insights has remained elusive. Given the tremendous advances in analytics software and the processing power generated by cloud-based utility computing architectures, the banking industry is ripe for change. As the industry works its way out of the financial crisis (amid continued uncertainty over the future), retail banks, in particular, must seriously consider using analytics to improve decision-making, uncover unseen innovation opportunities and improve compliance within a more stringent regulatory environment that is emerging through the Dodd-Frank Act and other impending mandates.
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