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Much of the data banks need to make strategic decisions that can improve their performance and increase their profitability is stored in silos managed by disparate and disconnected technology systems. But even banks that have sophisticated business intelligence and performance management solutions often don't use them effectively, or the technology is so costly and complex that only a few executives and managers are allowed to use it, with the help of the IT staff. As a result, many banks fail to get the information they need to make informed decisions and to plan for success.
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