Synechron

Dutch

Dutch  |   English
/ / INSIGHTS

Data Monetization – A Practical Approach to Successfully Navigating Big Data

Authored by: Alexander Kling - Director, Synechron, Simon Beattie - Managing Consultant, Synechron, Adeline Toi - Consultant, Synechron and Max Huang - Associate Consultant, Synechron

EXECUTIVE SUMMARY

Navigating the cost of producing actionable insights in the pursuit of big data monetization
Banks’ margins continue to be squeezed from multiple angles – whether it is tighter yield spreads, fewer arbitrage opportunities or persistent regulatory capital costs. At the same time, customer expectations are growing exponentially as they demand better, faster and more personalized services.

In our recent insights publication on ‘Financial Services Retooling’, we explored how banks have accelerated the process of unpicking their value chains to unearth new opportunities to unlock incremental value. One common aspect across all value chain components is data, which has become one of financial institutions’ biggest and most valuable assets. They are increasingly looking for new ways to monetize their vast data inventories to deliver greater business value and enhance the customer experience.

While data’s high intrinsic value is well known, what is notable is the continued advances in technology that have reduced the barriers to entry inherent in the storage and analysis of enormous volumes and varieties of data sets. However, access to big data and a big data toolkit does not guarantee instant success in data monetization. This will ultimately come from identifying and acting upon the value-generating insights that data can provide, measured against the cost of producing actionable insights.

/ / SUBMIT YOUR DETAILS

Enter your details to download this article for free.

Beeld-CAPTCHA
Voer de tekens in die op de afbeelding worden getoond.

Disclaimer

Synechron, Inc. en / of zijn dochterondernemingen en groepsmaatschappijen nemen uw privacy serieus. Door uw informatie te verstrekken, meldt u zich aan om informatie te ontvangen over Synechron-services en gerelateerde marketing. Uw persoonlijke gegevens worden beschermd in overeenstemming met het Privacybeleid van Synechron. Door dit formulier in te vullen, geeft u Synechron uw toestemming zodat we u relevante informatie kunnen meedelen via e-mail, telefoon, uitnodigingen en andere digitale meldingen. Als u op enig moment uw toestemming wilt intrekken of uw profiel en voorkeuren wilt bijwerken, kunt u dit doen door hier te klikken of door rechtstreeks contact met ons op te nemen.