what bank's can learn from startup's about data

WHAT BANK’S CAN LEARN

FROM STARTUPS ABOUT DATA?

@amanwhotweets

Being Big was once an advantage for Bank’s when it came to Data.

But Data got Bigger with more Volume

Source: PWC FS ViewPoint

And even Bigger with increased Velocity

Source: PWC FS ViewPoint

And almost inconceivably Huge with more Variety

Source: PWC FS ViewPoint

BANKS

STARTUPS

Yet companies much smaller than Bank’s in our universe and are doing better job...

ACCESS

For two reasons.

INSIGHT

Better Access.

1. Reduced Costs

2. Disruptive Technologies

3. More Scalable

Deeper Insights.

1. Output oriented

2. Fact based decisioning

3. Unconstrained by Data Ownership

Three thing’s Bank’s can do to help themselves

Reap what you sow.Be disciplined in what data you collect, analyze,

discard and distribute.

Experts often possess more data than judgment.Colin Powell

It’s a journey not a destination.Be mission not task oriented in your data journey.

The journey is the reward.Steve Jobs

Three thing’s Bank’s can do to help themselves

Three thing’s Bank’s can do to help themselves

Collaborate as you consume.Driving great insight requires great teamwork with

partners and a ‘data ecosystem’

If you want to go fast go alone. If you want to go far go together.African Proverb

THANK YOU@amanwhotweets