Today’s world is extensively data-driven, with no industry or organization being an exception to the norm of generating data. The banking and financial services sector is no different, especially as it generates vast amounts of data that holds immense potential to enhance decision-making, drive actionable insights, and improve customer experiences.
Turning such potential into reality requires a critical role of data analytics. Also known as Banking Analytics, data analytics in the banking and financial services sector allows a means to identify opportunities for revenue growth and to continue to have a competitive edge in today’s digital environment.