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BI & Analytics
Updated On : September 2017
What is Business Intelligence and Business Analytics?
Businesses today must be able to gather insight and comprehend the value from every customer interaction with your
brand and here is where the BI & Analytics comes into picture.
BI (Business intelligence) is a technology-driven process for analysing data and gathering actionable information
which helps in making informed business decisions through dashboards and predefined reports. Whereas, BA
(Business Analytics) refers to the technologies, skills and practices for interactive and investigative analysis which are
used to derive new insights and drive business planning.
Let's see what is the difference between business intelligence and analytics;
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Why is understanding data so important for companies?
As the saying goes, "Data Never Dies". Every company understands the value of data gathering and analysis which helps
in providing valuable insights. Business Analytics and Business Intelligence assists companies to make the right use of
data to reach their goals and hence enhance data governance. We need to understand and gain a clearer and in-depth
knowledge about business analytics and BI and its growing need in the banking and financial sector.
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The growing need for BI and Analytics solution
Keeping in mind the evolving nature of banking industry, there is a need for a dedicated BI and Analytics solution . This
will empower banks and financial institutes to 'Measure, Monitor and Manage' their businesses goals, risks and growth
and take right decisions with dashboards and advanced reporting features with deeper insights.
A BI and Analytics solution helps companies reach the right decision makers with actionable information. There is a
growing need for BI Analytics solutions in banking and finance sector as in this industry you need to continuously
monitor critical measures such as asset quality and risk exposure.
Analytics can provide assistance in various areas in banks ranging from fraud detection and prevention to risk
management. It also gives a 360-degree view of customer information and helps in managing internal and external data
flow.
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BI & Analytics
Updated On : September 2017
Smart Lending
Updated On : September 2017
CLIENT SPEAK
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The Bank is associated with M/S Nelito Good & Co-operative. We appreciate your local team who Knowl
since 2002. M/S Nelito Systems Ltd has continuously supported & assisted our bank i
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them are excellent. They have a very Secretary IT
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