Business Intelligence in Retail Banking (Review Report)

Growth of data volumes in disparate sources, ongoing regulatory changes and growing technology capabilities are driving financial services organizations to increase investment in business intelligence technologies. Banks must align intelligent technology with data management techniques in order to improve their decision-making processes.



Report Highlights
Datamonitor believes that an effective compliance solution requires a strategic investment in infrastructure that embraces assimilating business intelligence with advanced analytic tools for risk modeling and other key technologies, such as business process, change and content management. BI has come a long way from its origins in the early decision support systems. It is currently in charge of turning transactional data into actionable information and delivering reports to an ever-growing number of information-hungry executives and managers across all lines of business. The value of information decays over time, therefore the real-time ability is promoting business intelligence tools from their status as decision support applications into the domain of decision automation.


[Studien Infos ausblenden]

Table 1: Global Business Intelligence IT Spending, 2006-2012, by regions ($m) 32
Table 2: West European Business Intelligence IT Spending, 2006-2012, by countries ($m) 33
Table 3: West European Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 34
Table 4: West European Business Intelligence IT Spending, 2006-2012, by sources ($m) 35
Table 5: North American Business Intelligence IT Spending, 2006-2012, by countries ($m) 36
Table 6: North American Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 37
Table 7: North American Business Intelligence IT Spending, 2006-2012, by sources ($m) 38
Table 8: Central and Eastern European Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 39
Table 9: Central and Eastern European Business Intelligence IT Spending, 2006-2012, by sources ($m) 40
Table 10: Asia & Pacific Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 41
Table 11: Asia & Pacific Business Intelligence IT Spending, 2006-2012, by sources ($m) 42
Table 12: Middle East Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 43
Table 13: Middle East Business Intelligence IT Spending, 2006-2012, by sources ($m) 44


Figure 1: What compliance and regulatory issues are driving increased IT expenditure in 2007? 8
Figure 2: Banks progressing towards a data driven customer service 12
Figure 3: Aligning BI solutions with business requirements 14
Figure 4: Business intelligence solution adoption within the retail banking industry, H1 2007 17
Figure 5: (Near) real time and no (near) real time requirements for business intelligence solution areas 20
Figure 6: Best-of-breed versus best-of-suite strategies and associated risks and rewards. 22
Figure 7: Business intelligence platform in retail banking 24
Figure 8: Example of a reporting tool - Operational dashboard delivered by Cognos (IBM) 27
Figure 9: Gathering, analysing and utilising data should be an automatic and continuous exercise 29
Figure 10: Global Business Intelligence IT Spending, 2006-2012, by regions ($m) 31
Figure 11: West European Business Intelligence IT Spending, 2006-2012, by countries ($m) 32
Figure 12: West European Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 33
Figure 13: West European Business Intelligence IT Spending, 2006-2012, by sources ($m) 34
Figure 14: North American Business Intelligence IT Spending, 2006-2012, by countries ($m) 35
Figure 15: North American Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 36
Figure 16: North American Business Intelligence IT Spending, 2006-2012, by sources ($m) 37
Figure 17: Central and Eastern European Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 38
Figure 18: Central and Eastern European Business Intelligence IT Spending, 2006-2012, by sources ($m) 39
Figure 19: Asia & Pacific Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 40
Figure 20: Asia & Pacific Business Intelligence IT Spending, 2006-2012, by sources ($m) 41
Figure 21: Middle East Business Intelligence IT Spending, 2006-2012, by solution areas ($m) 42
Figure 22: Middle East Business Intelligence IT Spending, 2006-2012, by sources ($m) 43


[Tabellenverzeichnis ausblenden]