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Banking in the Cloud PDF Print E-mail
Written by Administrator   
Sunday, 10 June 2012 09:20

For banks and insurance companies, having the right information is a key asset for the provision of their services. Nevertheless, the importance of the production factor "information" is still underestimated. Represented by data, information forms the basis for most management decisions and has an immediate effect on the cost structure of the company. And although having the right information is a key asset, it is also increasingly important to generate additional insights out of the available data.

One major challenge for all information driven organizations are the so called “information silos”. Data is stored in silos, which prevents from making cross- application or platform use of the data. Cloud computing will increase the trend of organizations loosing control over their own data, if not governed appropriately.

From the beginning of the EDP (Electronic Data Processing) age until today, data management was the domain of the IT specialists. With cloud computing and new developments such as “BYOD[1]” and specifically social media, everybody has become a mature user and creator of information.


[1] Bring Your Own Device

 

This paper informs about our "IM Framework for Banks and Financial Institutions (FI)". It contains a description and the key features about the model and how it connects bussiness strategy and Information Management.

Download Paper

Last Updated on Sunday, 10 June 2012 09:27
 

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