As you know, these types of questions cannot be properly addressed by traditional, static reports. In fact, most spreadsheets and desktop-only visualization tools would only make matters worse (see every article ever that bashes spreadsheets). Having a separate database/spreadsheet/pivot table that provides the ability to drill to detail, combine disparate data sources and reconcile with managerial reports was always necessary but each analysis (because of the size of data and the number of data sources) was bespoke, time-consuming and often full of errors.
Finally, if I didn’t get the answer quickly, the decision would be made without my input and this….was always a primary source of frustration for me.
An alternative exists:
The video below is the product of smart partnering between Qlik, Alteryx and Bardess Group. It is one example (of many) that combines market data & internal data to solve the difficult problem of providing a large audience with the information and insights to make decisions based on factual analysis, a “mass customization of analytics” if you will.
This solution goes far beyond a desktop visualization and allows for each of the 93,000 bank branch managers across the United States to measure their performance against the local competition. Complexity of the business problem is transparent to the user and an unlimited number of market definitions are a few clicks away.
It's a great example as discussed in my previous blog (I Know It When I See It) that provides a deep integration of Qlik with common 3rd party analytical engines (R, SAS, SPSS, Matlab, Alteryx).
“Value is optimized though, when these model outputs are combined with other data sources in an associative model and provided to a broad population of business users."
Volume of voice or political prowess should not increase the likelihood of the right decision being made.
Find out more:
Combining disparate data sources and transforming into a fact-based organization for the purposes of growing profitably and properly managing risk has never been a more achievable goal. Technology has shattered the bottleneck that held Financial Services organizations from truly transforming into ones driven by fact-based analysis and decision making.
Qlik currently has over 3,500 Financial Services and FinTech organizations across the globe using our visual analytics platform. Explore Qlik’s Top 12 Solutions in Financial Services and gain the advantage your firm needs to manage risk, improve profitability and build stronger customer relationships.