“Big Data” is the current “IT” term in the market, Aiimi recognise the need for “Big Data” solutions however Aiimi believe that the key to how we handle data moving forward is around identifying “Value Data”. Aiimi work with a number of large Financial services organisations where our focus is helping to identify and report against key “Value Data” that is enabling these organisations to make critical business decisions.
- Increased profit margins By maximizing operational efficiency throughout their entire organisations.
- Customer retention is key – Through reporting on key data organisations can understand client behaviours identifying the most profitable products or identify any high risk client
- The heightened regulatory needs necessitates that financial institutions must conduct extensive risk assessments of both internal and external factors. Through aggregation of data reporting financial services are able to implement risk management strategies to ensure compliance.
- Reporting is also critical for corporate functions the identification of “Value Data” across the business will help identify where process change can be made to increase efficiency across the business