TDWI Pulse Report: Modernize your legacy data warehouse and analytics ecosystem by embracing the cloud

TDWI Pulse Report: Modernize your legacy data warehouse and analytics ecosystem by embracing the cloud

Inhibitions regarding data security and capabilities have given way to increased confidence in the immense potential of cloud transformation services. Hence, organizations have fast-tracked their shift to the cloud. And banks are no exception.

Recent TDWI research states that nearly two thirds of organizations surveyed (64%) are planning to apply cloud data management to support analytics and about half are moving to the cloud specifically for data warehousing and reporting. In fact, close to 90% of those surveyed say that Cloud Transformation is an important part of their data strategy.

Heightened pressure from digital disruptors has compelled banks to focus on redefining customer experiences and adapt to evolving business norms. Going Digital being the need of the hour, what’s holding them back is their legacy systems which lack a flexible architecture. In order to rule the customer satisfactory index, banks are now shifting their focus on core banking IT services that transform existing processes.

Hexaware’s amaze® for Data & AI can facilitate automation of manual processes such as Know Your Customer (KYC) and Anti-Money Laundering (AML) by transforming the analytics ecosystem and data warehouse modernization. Migrate with us seamlessly with our leading public cloud platforms (Microsoft Azure, Amazon Web Services (AWS), Google Cloud Platform (GCP), Databricks and Snowflake).

In order to leverage the full potential of cloud, it is important to:

  • Increase automation and standardization
  • Broaden data migration movement strategies, and
  • Be flexible in data collection and banking transformation

Cloud is a critical strategic decision and it is important to derive maximum ROI on your investment. So, how do you-

  • Improve data warehouse and analytics platform management?
  • Reduce expenses and increase scale?
  • Establish governance and quality across all cloud data?

The report has in-depth analytics and expert recommendations on the above questions, in addition to several others that global businesses typically have.

 

Download the report to know how banks can modernize their data management and analytics landscape efficiently by optimizing cost and efforts.

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