Over the course of my career in Financial Services, I have struggled with how few options I really had when it came to delivering the right information, to the right people, at the right time. It sounds sort of ridiculous considering how much time, money and effort the firms, for which I worked, spent on data warehouses, reporting systems, business intelligence tools and advanced analytics.
In the end, I just needed to be able to download the data to my spreadsheet, so I could combine it with other data to make sense of it all. That’s right…I said it out loud….the dirty little secret is that the vast majority of business users just download the data they need, for their particular analysis, to a spreadsheet on their desktop to solve a particular business problem.
Why, after spending millions of dollars, do we circumvent all of the hard work done with business rules, security, data governance and internal controls simply to allow the business users to export the details to a spreadsheet on their desktop? Three reasons:
Then, let’s accept it. The only option is to continue to use spreadsheets exactly the way we have for the past two or three decades. We have no other option, right?
Wrong — and this is the genius of Qlik’s strategy to create an end-to-end Data Integration & Analytics platform. Our flagship product Qlik Sense and its associative engine specifically addresses all three of these reasons. It not only provides organizations an opportunity to modernize the reporting and business intelligence ecosystem, but also the ability to aggressively solve the wild west spreadsheet culture that is a byproduct of traditional “solutions.”
But, that isn’t all. In the last 18 months, we’ve built through acquisition a data integration platform, which provides value to the IT side of the equation. I put together the below spectrum to represent the entire supply chain offered by the Qlik platform:
So, what is the value of options? The value is that, as a customer that treats Qlik as an end-to-end platform, you have options.
Want to find out more and see it in action? Register for our 3rd Annual Financial Services Summit in NYC on February 26th featuring AWS & Snowflake as Platinum sponsors. We’ve also secured Dr. Kirk Borne, Principal Data Scientist and an Executive Advisor at Booz Allen Hamilton. Dr. Borne, a leader and mentor to multi-disciplinary teams of scientists, modelers and data scientists, is also recognized as a top worldwide influencer in Big Data and Data Science on social media (@KirkDBorne).