Europe’s largest bank recently completed a transition to IBM Cognos from its legacy BusinessObjects system. As one of the Top 6 global banks, serving over 40 million customers worldwide, their network is spread across 64 countries. To sail through business-as-usual conditions and turbulent times in the global economy, adaptability was needed in its BI platform to grow its core business and expand business opportunities. While legacy BI reports repositories in BusinessObjects Analytics and Reporting had grown by the thousands across many business areas and departments, the sheer volume of data increasing by millions of records posed performance bottlenecks. The business needs had grown fast. There was an immediate requirement to visualize historical and current data in real-time by integrating data from multiple systems so that frontline employees could make faster and better decisions. The business accumulated an unprecedented amount of big data, and our customers wanted to combine these in the BI to develop insights for increasing customer satisfaction and expanding their business.
Read More: EuropeFX has made funding trading accounts easier than ever with the new support from PayPal
To accomplish these business goals, IBM Cognos was chosen as a new path forward. The project goal was to seamlessly complete the migration in 9 months and benefit from IBM Cognos’s AI (Artificial Intelligence) infused BI (Business Intelligence) solution that enables smarter data discovery and drives better cognition of data and decision making through stunning visualizations.
Due to an established track record in completing fast-paced projects of this scale with zero disruption, DataTerrain was a natural choice to lead this migration initiative. DataTerrain was also tasked with establishing best practices in the target IBM Cognos system landscape from the outset.
Read More: Realio Partners With $250M+ Valentus Fund to Tokenize Institutional-grade Investment Opportunities