Only a modern, cloud data warehouse can address new analytics requirements and deliver accelerated insights in retail banking. This guide details some of the key business drivers for considering a cloud data warehouse. These include cost, scalability, flexibility, speed, simplicity, and security.
It pays to go into a data warehouse migration with a transformation plan that firmly addresses risks and success criteria. This guide presents expected benefits, such as real-time data processing, enriched insights, security, cost optimization, and more. On the flip side, challenges include data residency, multi-cloud complexity, cost management, and more.
This guide also offers a list of best practices for cloud data management. Adherence to best practices that include robust data lineage, rigorous data cleansing, transparent data quality, and thorough data cataloging will lead to direct benefits for the enterprise.
