To address the challenges faced by the large financial institution, they were able to consolidate over 250 analytical databases onto a single, unified platform. This consolidation effort significantly reduced their security risks by centralising data management and minimising the number of access points. By moving to a single platform, the institution also decreased their dependency on specialised skills required to manage multiple legacy systems, thereby streamlining their operations and reducing costs.
The consolidation process involved integrating data from various sources into a cohesive and efficient data management system. This integration not only reduced data movement but also improved data accuracy and consistency across the organisation. The new platform provided world-class data management capabilities, enabling the institution to perform advanced analytics, generate comprehensive reports, and gain valuable insights into their operations.