OCTOBER 20239 advancement of created solutions and increases or decreases their performance in response to usage is scalable. Furthermore, from a business point of view for us, it is important when someone creates a useful data model or data storytelling so that it can be further re-used and developed by others.· Actionable. Static data, known as reporting, was something that we had anyway. However, we were looking for a solution that could enable data to provoke action with respective stakeholders. These actions could be follow-ups, action plans to comply with defined thresholds, or simply to congratulate someone for good results. · Little or no support from IT departments is a must so we do not depend on tech departments to perform our analytical work. Embedded automated insights, data catalogs, and automated refreshes reduce the engagement of IT departments.· Flexibility to work on-premises and in the Cloud, considering increasing Cyber security concerns and potential change of strategy, from Cloud to on-Prem, and vice versa. ABI supports the development, deployment, and managing of analytical solutions in the Cloud based on data born on-prem and in the Cloud. Claud agnostic ABIs should be preferred. USING CLOUD-BASED ABI PLATFORMS WE HAVE MANAGED TO INCREASE OUR COMPETITIVE ADVANTAGES BY IMPROVING OUR EFFICIENCY IN ANALYTICS WHICH DRIVE BUSINESS DECISIONS AND ACTIONS USING THE PRICELESS SYNERGY AMONG TECHNOLOGY, PEOPLE, AND PROCESSESCLOUD-BASED ANALYTICS AND BUSINESS INTELLIGENCE FOR RISK AND FINANCE ADVANCEMENT · Secure and auditable. These structured capabilities enable easier administration, auditing, and authentication.What I like about these platforms, however, in addition to the above-mentioned, is the fact that we could start small in a close circle of supporters to make sure the system is right for us, and gradually roll it out to other units and tasks. Many of the platforms allow an agile concept of development and implementation, which our team has enjoyed as far as they have seen immediate tangible results from their work. Here we should not underestimate the learning path as the users gradually learn, not only about technology but also about what could they do with our data. To have entire bank risk-related results, which are complex and sizable, on my mobile devices supports me in my decision-making process. Finally, the enormous connection to various data sources and built-in AI capabilities makes our work much easier and more pleasant. In a nutshell, by using Cloud-based ABI platforms we have managed to increase our competitive advantages by improving our efficiency in analytics which drive business decisions and actions using the priceless synergy among technology, people, and processes.
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