About this paper
Financial Institution Advantage and the Optimization of Information Processing offers a key resource for understanding and implementing effective data governance practices and data modeling within financial organizations. Sean Keenan a noted expert on the topic outlines the strategic core competencies, includes best practices, and suggests a set of mechanisms for self–evaluation. He shows what it takes for an institution to evaluate its information processing capability and how to take the practical steps toward improving it.
In chapter 1 “Financial Institutions as Information Processors”, Keenan introduces his book with a look at:
- Why recent failures in the financial sector should be viewed as a failure in information processing
- Some of the cultural impediments holding back the use of data for decision making
- Problems of IT literacy and the Spreadsheet deluge
- And much much more
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