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Swimming in Data: Data Lakes in Banking

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15 June 2019
Joan McGowan
Craig Beattie
Nicolas Michellod
Zao Wu

Data lakes are back on the CIO’s agenda. Banks are revisiting the benefits of deriving insights from a wider variety of data to deliver greater insights.

Key research questions

  • Why do banks need a data lake?
  • What are the potential applications of data lakes?
  • What does a bank need to take into consideration to get started with a data lake?

Abstract

As banks continue to digitize their product and service offerings, they are exposed to the increasing potential value of data as an asset.

But to unearth that potential, banks must modernize their data management platforms so that they can layer enabling technologies such as analytics-driven AI.

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