Fuel Growth By Building An Insights-Driven Business

Data-driven decisions and the utilization of advanced analytics are rapidly becoming integral to the strategic toolkit of capabilities for leaders in FSI. Data insights fuel success for insights-driven enterprises: Forrester Research suggests that advanced insights-driven firms are almost nine times more likely to report exponential annual revenue growth of at least 20% compared to beginners. Frontrunners recognize the need to actively leverage data for decision-making across all levels in their firms to accelerate innovation, adapt for growth, and fortify resilience to thrive in the face of radical disruption, both now and in the years to come.

In their effort to scale data and intelligence, FSI firms will have to ensure that their data practices and tools are harmonized for agility in data flows and optimized connectivity among large and disparate sets of data. To achieve agility with trusted data, it is imperative for FSI firms to leverage datacentric architecture to activate data flexibly on-premises, on the cloud, and at the edge of their businesses. This will thereby power development and innovation of enterprise data capabilities.

In May 2022, Red Hat commissioned Forrester Consulting to evaluate how pivotal capabilities help address data gravity and infrastructure needs to optimize data management in the FSI sector. Forrester conducted an online survey with 162 decision-makers in enterprises based in Australia, China, Hong Kong, India, Japan, and Southeast Asia to explore this topic.

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