Is smart data fabric the approach financial institutions have been dreaming about? - Bobsguide

By Monica Summerville, Head of Capital Markets, Celent. Financial institutions and data have had a love hate relationship for many years. On the one hand FIs and data are a match made in heaven. It is a symbiotic relationship where business functions create and consume data over and over until the result exceeds the sum of the parts. Ideally this partnering results in revenue or alpha-producing insights. On the other hand, siloed, unreliable or simply too much data creates frustration and risk as the business potential is teased, but ultimately unattainable as FIs struggle to extract value from their data.