In an article featured in The Telegraph last week,  Rob Morris, vice-president of financial services at IBM Global Business Services UK&I, outlined the results of their new financial survey.

“Banks need to focus on making better use of their data to improve operating efficiency, to be more effective in managing and pricing risk and to get closer to their clients. The data required to do this exists – banks just need to be able to use it, and this requires better integration, transparency and analysis.”

He continues: “Managing a financial services firm is all about managing data, but it is estimated that poor quality data will cost the banking industry £19bn in increased operating costs.”

“Our survey found that insufficient information and the pace of change have increased business risk. Turning all their data into information that can provide real insight is a problem for all. Despite the exponential growth of data, 47pc of senior leaders claim they don’t have sufficient information to do their job, with 79pc making business decisions based on intuition.”

Funny how those words “Integration” and “Transparency” keep cropping up recently. It sounds just the right time for you to take a closer look at OSMO®.