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Banks grapple with colossal amounts of data, often dispersed across disparate systems in the organization's environment. The arising challenges include: collation and consolidation of information with minimal manual intervention, transformation of data into meaningful enterprise-wide reports and undertaking data analysis for business effectiveness measurement, unified presentment of data and leveraging data to drive up revenues and profitability. Decision makers are constantly driven to reduce the time taken and the costs incurred to mine and leverage the wealth of customer, market and operational information.
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