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How data integration contributes to solving business problem

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For this assignment you will research how data integration contributes to solving business problems in the banking industry. Use the information covered in the assigned reading and Internet and library research, or any additional research that is necessary, to fill in any gaps in your understanding of the concepts.

Write a 3 to 5 page paper that addresses the following components:

Identify the range of data sources and inputs that contribute to the work of banking.

For example, consider the activities that make up the modern banking industry including checking, loans, mortgages, et cetera. Identify all of the data flows that make up those activities.

Describe three technologies that are available to support the use of data analytics through integration of data from multiple sources that would be useful in the banking industry.

Consider the data integration tools that have been covered previously in this course and analyze the role they might play specific to the banking industry.

List the qualities or characteristics of the tools you selected that make them effective in supporting the use of data integration to solve a business problem in the banking industry.

For example, data warehousing allows data from the credit rating services to be joined with internal bank account data to support the work of evaluating a customer applying for a mortgage or a loan.

Verified Expert

In this report we have Identified the range of data sources and inputs that contribute to the work of banking. We have illustrated three technologies that are available to support the use of data analytics through integration of data from multiple sources that would be useful in the banking industry. We have gathered relevant data related to the data integration tools that have been covered previously in this course and analyze the role they might play specifically to the banking industry.

Reference no: EM132101846

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