Creating a Culture of Analytic Decision Making
Creating a Culture of Analytic Decision Making
4 PagesAn entrepreneurial and customer-focused leading banker to the world’s most innovative companies and one recognized by Forbes Magazine among America’s top 10 banks, like other companies today, is drowning in data. It recognized that this problem could be turned into an opportunity to manage information as an asset and for competitive advantage. Thus, when the bank’s CEO crafted a 3-month plan to support global growth, it included a strategic pillar to establish a culture of analytic decision making at the bank. One major hurdle similar companies are overcoming in pursuit of data-driven and advanced analytic decision making is to improve the timeliness, quality and consistency of data and standards. This bank has some 200 applications that feed and consume data both for internal a
