Data is no longer measured in terabytes (a thousand gigabytes) but in zettabytes (a billion terabytes).
Visualize a rural village equipped with #AgentBanking, as the #Fintech #Agent visits his customer with a smartphone and shows a bar chart about his spending’s, the interest he earned on his savings and the liabilities he owns. He then moves to next graph that lets him visualize how much each month he needs to save to afford his child’s higher education and new farming equipment. Or how about an #HealthTech tool that conveys the #Rural customer from where he can buy low price medicines and how much he can save!
Welcome to the world of Analytics!
Over half (54 percent) of firms in the industry have appointed a chief data officer
Structuring the raw data and putting it in fancy graphs or pictures could be more appealing than going through an excel for a customer. That’s one of driving factors for Banks or Fintech firms to adopt to analytical tool. Some of the other reasons being –
The visualization could be extended to know :-
Just for example, if the firm is keen to know the Transactions Status over a period, he could set a filter in Visualize tab with the kind of chart, parameters for X and Y axis and the order of display and save it. And what you see on Dashboard is a colorful bar chart displaying the transaction status.
Dev Tools and Management Tab
Management tab provides the user with tweaking in the advanced options or indexing the pattern; you could also save or delete your objects. Based on various roles like Admin, Agent, Customer or Firm access rights of the dashboard could be controlled. A user can be restricted or full access be granted for a dashboard.
Data, the backbone of any firm, is playing a crucial role in aligning the business goals to profit margins. Many have already made the transition and reaping benefits out of it. Have you?
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After Accenture Next Generation Financial.pdf
Data Analytics Critical to Success in Banking