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Wholesale Banking

Towards data and analytics democratisation.

 

Today, every business wants to analyse the huge amount of data available in order to create business value. However, data is typically buried across a complex landscape of different departments, source systems and databases. The data and the analytics tooling required to draw insightful business decisions from this data are rarely available in the same environment. Now more than ever there is a need for the democratization of data and analytics; making data and analytics tooling easily accessible to all the people who need it and have the skill-set to analyse it.

In order to do this, it is important to centralize the data stores, harmonize data definitions and ensure good governance. This work in building an Enterprise Data Lake is being currently executed by ING’s Chief Data Officer and Data Management organisation. Nevertheless, it is important to reap the benefits of this initiative, delivering services around that data so that people can actually work with it and analyse it. ING WB Advanced Analytics has developed such a platform called the Data Analytics Platform (DAP).

Read full article on Medium.