Digital Mission

Accelerated Banking

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Open Banking API & Data Monetization

Data Management and Consolidation

Current Situation

Today, data sits fragmented and in various formats across the organization in data silos. The lack of a single, real-time repository of data is a challenge for many organizations to generate value with data analytics. Poor data quality is another major issue for many organizations.

Goals and Objectives

The goal of data management and consolidation is to make data available for analytics, both internally and externally. This includes the need to clean the data, pull the data out of data silos, and standardize/reformat the data to usable formats.

Technology Deployed

Data management, data cleaning, data consolidation, data reformatting, open source

 

Use Case Summary

Data management and consolidation aim to make data available for further processing — for instance, through analytics. It is also an essential prerequisite for data sharing and monetization.

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