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Transforming Analytics for a Large UK Bank: From Manual Reports to Interactive Dashboards .

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Overview.

A large UK bank faced challenges with manually stitching together reports and scorecards, limiting real-time data analysis. Coforge implemented an automated analytics solution using MicroStrategy, reducing dependency on multiple source systems and enabling centralized decision-making. This transformation led to significant cost reductions and improved data analysis capabilities. 

Challenges.

The client faced significant challenges in their data reporting and analysis processes: 

  • Manual Reporting: Reports and scorecards were manually created using Excel and presented in PowerPoint. 
  • Limited Real-Time Analysis: Deeper data analysis was not possible in real-time. 
  • Multiple Source Systems: Dependency on multiple source systems made data integration cumbersome. 

Solution.

Coforge implemented a comprehensive analytics solution: 

  • Automated Data Solution: Developed an automated solution using MicroStrategy, allowing users to drill, self-serve, and build analyses in an interactive environment. 
  • Integrated System: Reduced dependency on multiple source systems by integrating data into one unified system. 
  • Centralized Decision Making: Created interactive dashboards for centralized decision-making using MicroStrategy and a modernized enterprise data warehouse (EDW). 

Key Highlights: 

Coforge's solution delivered significant value to the client's operations: 

  • Cost Reduction: Achieved a 46% cost reduction through improved analysis efficiency. 
  • Data Integration: Consolidated data from seven source systems into one integrated system, providing a single version of the truth. 

The Impact.

Cost Reduction 

46% 

Data Integration 

7 source systems reduced to one 

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