Organisations are more likely to prioritise these investments – and see the greatest impact from them – when data strategies and business strategies are aligned.
DEVELOPING a data strategy is critical for achieving organisational success since data is a valuable asset that can drive business decisions, enhance productivity, generate revenue, and create exceptional customer experiences in any organisation.
This in turn allows data leaders to feel more empowered and confident in their ability to effectively execute on their data strategy. The Union Bank of the Philippines is an example of a winning data strategy that resulted in business success – a 12 times increase in revenue. The bank was able to enables five times faster covered and suspicious transaction reporting for AMLA compliance with much higher data quality.
This largely optimised the group’s vehicle rental business by supporting global vehicle analytics with an end-to-end data pipeline and gave fleet managers X-fold faster access to track vehicles in real time.
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