At events promoted by Cinnecta , we frequently ask leaders in the financial sector what the main challenges they face in their day-to-day lives are.
These conversations are essential to identify common difficulties, share hungary mobile database and seek collective solutions that benefit the market as a whole.
Among the responses, a recurring theme is data management, a pillar that directly influences strategic decisions, such as credit granting, risk analysis and technological innovation.
“Data is the new oil” is a phrase we hear frequently.
It summarizes the relevance of data, because without it, it becomes impossible to understand customers, their needs and offer solutions that meet their expectations.
However, this analogy is complemented by a crucial point: just like oil, data needs to be refined to reveal its true value. Raw data, on its own, doesn’t offer much insight; it needs to be processed and analyzed properly to become truly useful, which is why it’s the new oil.
Effective data management stands out as one of the biggest challenges for financial leaders, especially in sensitive areas such as credit granting and service personalization.
In this article, we will address this topic and discover the biggest challenges of data management in the financial sector. Check it out below.