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A relatively higher maturity in data and analytics is enabling the Banking and Financial Services (BFS) industry to improve business performance. 60% of surveyed organizations identify ‘becoming more insights-driven for improved decision-making’ as a critical priority. Also noteworthy are the strides being taken towards adopting cloud-based analytics capabilities. 43% are moving towards a cloud-first approach, the second-highest among all the industries surveyed. However, lack of technical skills is a key challenge, and nearly one-third of companies are planning to recruit more people with advanced expertise.
Source: Forrester study
commissioned by WNS
60% prioritize becoming more insights-driven in decision-making
86% have observed measurable or significant benefits by implementing Data & Analytics practices
94% are fully leveraging machine learning in most platforms / apps
73% of manufacturing firms are looking to become insights-driven as a high priority
70% of surveyed enterprises are building predictive analytics capabilities
74% expect organizational spending on analytics to rise in the next 12 months
71% are planning to implement AI-enhanced BI platforms
How Banks & FIs Are Preparing
Needs a Data & Analytics Push
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the Time-to-Market Battle with Data & Analytics
‘Insure’ the Future with Winning Insights
