Technological upgradation by implementing dataware house in banking sector

Posted by sinipillai82 on November 4, 2009

Description

Operational data, which is the source supporting all business intelligence applications is not in the correct format to support decision making process in a business. Decision makers require the right information at the right time to help them make more informed and make effective intelligent decisions. Banking firms are storing more information than ever before, are making use of operational databases to represent transactions and these operational databases are stored with a functional or process orientation. Decision makers prefer to have subject-orientation of data which facilitates multiple views of data and decision making. Data Warehousing and Data Mining will be the right solutions that makes the above possible.
The highest goal of implementing a data warehouse is to convert corporate data into information that facilitates in effective decision making process. This paper highlights the need for Data Warehousing and Data Mining for Technological up gradation in banking sector.

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Business, Students