Modern banking cannot be run without storing all banking sensitive transactional data in standard  1  A special report on Managing information – February 27, 2010 edition in “The Economist.”  BIS central bankers’ speeches  1  error free formats, deploying strategically designed analytics, and extracting decision supporting inferences through technology tools.
Such an approach alone would differentiate a true market leader from the rest of the pack. 9. Understanding the importance of data, I am reminded of Arthur Conan Doyle’s Sherlock Holmes when he says “It is a capital mistake to theorize before one has data”. 10.