Data-Centric Management Culture

A data-centric management culture is as important as the technology investments in a company. Data science i.e. the extraction of useful information and knowledge from data is considered to be within the operational structure of financial technology organizations. For most financial services organizations, 60 to 65 percent of IT budgets are dedicated to maintaining the core transaction processing systems. After general operating and personnel costs are deducted, less than 10 percent of the budget is left for new systems development. To know more about how these companies who are trying to incorporate data analytics processing, go through the article by Don Campbell (Managing Principal & Founder, RightCourse) at: http://www.banktech.com/big-data/the-importance-of-fostering-a-data-centric-management-culture-/a/d-id/1315979?piddl_msgid=261430#msg_261430