Financial Services firms typically have at least one ”spreadsheet ninja” who has put all of the necessary pieces together to bring insight to management.
The reason your ninja has been successful and becomes an invaluable source of information is because no one else has been able to properly combine data from disparate data sources, transform the information into meaningful analysis with complex algorithms and deliver you actionable insights.
Here are three important roadblocks that are stopping the organization from achieving breakthrough results by scaling your ninja's valuable work:
Imagine a world where the three barriers described above are removed and employees use their knowledge of the business to help people make better decisions. Imagine a world where all of the energy trying to determine “Whose numbers are right?” is re-directed and solely focused on the proper question “What do we do about the numbers?” Imagine a world where your financial services organization becomes an army of analysts and no longer relies on a small group of data crunchers engaging in janitorial work.
Bottom line is your spreadsheet ninja has created a valuable view of your data but it is built with data queries, spreadsheet macros, vlookups and rubber bands. Unlocking this treasure chest of analysis supports your strategy of increasing profits while controlling risks by allowing everyone the same visibility (and accountability) to the results.
Seeing is believing:
Our “Risk Adjusted Performance Management” demo (accessible with any device) is a great example of allowing an entire organization to have access to a 360 degree view of the risk and profitability of its portfolio. The app incorporates concepts such as Probability of Default (PD) segmentation, Economic Capital allocation and Weighted Averaging to provide full visibility to every aspect of the business and your customers.
Here is a video that demonstrates the application:
Here is a link to the embedded Qlik Sense app. Go ahead, click anywhere!
This capability is available in near real time, accessible to the entire organization and placed on an enterprise-class, mobile-friendly platform that meets the stringent governance requirements of the financial services sector.What are your plans to take advantage of Data Discovery?
Photo credit: Bill Ward's Brickpile / Foter / CC BY