1、HOW DATA CAN BE A FINANCE FIRMS MOST VALUABLE ASSETEbookHow Data Can Be a Finance Firms Most Valuable Asset2Business has arguably never been tougher in financial services,due to rising costs,new competition,and more demanding customers.It has therefore never been more important for banks and insurer

2、s to prioritise data as their most valuable asset and employ it intelligently to increase efficiency and competitiveness.Warren Buffet might have been right with what he said 30 years ago.But today banks must do more than just avoid“anything dumb.”They have to act much smarter.And as we will discove

3、r,the deployment of AI capabilities will be central to achieving it.The way these enterprises win will be almost solely dependent on their approach to data.It permeates every aspect of the business and is multiplying exponentially.But,if it is not harnessed and deployed better for the use of the bus

4、iness,it will overwhelm the organisation and its people.This ebook examines data across the organisation and how new technologies can be deployed to produce more informed and effective decision-making,reduce fraud,simplify regulatory compliance,strengthen customer engagement,boost overall performanc

5、e,and much more.Those examples underline how the discussion also needs to move on from the generic term“data”and focus on the quality and availability of specific types of data and how to use it better.These can include customer data,transaction data,financial performance data,and many other sets.It

6、 will show how those organisations that commit to smarter strategies with clean and relevant data can outperform those that do not.New technologies such as Gen AI,AI/ML,and LLMs,which thrive on an abundance of the right data,will then be able to make this happen and create new intelligence to benefi