Financial Services Data Modeling
Data modeling is perhaps the single most important factor that affects the performance of financial services and analytics
tools.
Having a good data model solves many of the fundamental business problems, such as:
• Query...
More
Financial Services Data Modeling
Data modeling is perhaps the single most important factor that affects the performance of financial services and analytics
tools.
Having a good data model solves many of the fundamental business problems, such as:
• Query response: With the right data model, query response becomes faster even when multiple business domains are
interrelated.
• Better analytics: Developing and deploying flexible analytics tools becomes easy.
This has lasting benefits in terms of
market visibility, customer insight, etc.
• Low maintenance costs: Data complexity is reduced, which brings down costs associated with maintenance.
• Data accuracy: The data maintained by the company becomes accurate and problems related to redundancy are
eliminated.
• Compliance: A flexible data model makes it easy to adapt the system to changing regulatory requirements easily.
An important consideration is whether businesses should develop specific data models according to their functions
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