Ways for the financial services industry to take their data to the bank

Fully tapping the potential of data can give financial services institutions and related companies worldwide more than $309 billion in value over a four-year period, according to an IDC study commissioned by Microsoft. To start seeing that benefit, data-driven decision making needs to move out of the top executive and IT offices and “into every corner of your organization,” writes Colin Kerr, industry solutions director of Microsoft’s Worldwide Financial Services sector, in a blog post.

“This is where tools like Power BI (Business Intelligence) in Microsoft Office 365 can help deliver on the promise of self-service BI,” he writes. “Although IT must retain control of data, bringing tools for analysis and interpretation of insights to the hands of business users and served up through applications they’re already familiar with (such as Excel) can help foster a data culture across your entire organization.”

To learn more about some of the ways financial services companies can become “data smart,” read Kerr’s full post on the Microsoft Vertical Industries blog.

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Suzanne Choney
Microsoft News Center Staff