Data still buffering: Look to Data-as-a-Service
With prebuilt integrations to a wide range of data vendors, and a single API to push data on demand to your decisioning and insights platforms, Data-as-a- Service (Daas) technology will define the future of data consumption. With real- time data moving throughout your decisioning workflows, you can react with instant risk decisions. You can test new hypothesis on the fly. You can get new products to market faster. You can let the data do the work for you. (You can finally pick a tv show to watch in under a minute.) The right DaaS solution can eliminate many of the time sinks that companies normally struggle with when dealing with data choices, access, and use. Imagine having to compile all of the content for your on-demand platform. Instead of having to navigate all of the data possibilities, bring it into your organization, and integrate it into your business processes, your DaaS solution eliminates the leg work. An industry tailored data ecosystem curates the data and completes the integrations for you. So, you see the value from your data in record time. “Only 27% of financial institutions rate their access to data as strong.” JimMarous, Digital Banking Research Report Jan. 2021 2
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