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  5. Swimming in Data: Data Lakes in Banking

Swimming in Data: Data Lakes in Banking

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15 June 2019
Joan McGowan, Craig Beattie, Nicolas Michellod, and Zao Wu

Data lakes are back on the CIO’s agenda. Banks are revisiting the benefits of deriving insights from a wider variety of data to deliver greater insights.

Key research questions

  • Why do banks need a data lake?
  • What are the potential applications of data lakes?
  • What does a bank need to take into consideration to get started with a data lake?

Abstract

As banks continue to digitize their product and service offerings, they are exposed to the increasing potential value of data as an asset.

But to unearth that potential, banks must modernize their data management platforms so that they can layer enabling technologies such as analytics-driven AI.

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Insight details

Industry
Corporate Banking, Retail Banking
Subscription(s) required to access this Insight:
Banking, Retail & Business Banking, Corporate Banking
Insight Format
Reports
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America