International Journal For Multidisciplinary Research
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 5 Issue 6
The Role of Data Warehousing in Revolutionizing Banking and User Experience
|Author(s)||Atharva Mangesh Kashimkar, Dr. Sudeepta Banerjee|
|Abstract||The banking sector is experiencing a seismic shift driven by the exponential growth of data. This research paper delves into the imperative need for data warehousing in the banking sector. It highlights the various technologies employed, including ETL processes, data modelling, and advanced analytics tools. The advantages are elucidated, emphasizing enhanced decision-making, regulatory compliance, and customer-centric services. Furthermore, the paper explores the futuristic outlook, envisioning the integration of AI and machine learning for predictive analytics. It also talks about a few real life case studies which show the application of such technologies. Challenges such as data security and privacy, data quality, and scalability are also addressed. In an era of digital transformation, data warehousing is not merely an option but a strategic necessity for banks to thrive in a data-centric financial landscape.|
|Keywords||Data warehousing, banking sector , data analysis, information system, business intelligence, user experience , architecture , technology, databases, meta data.|
|Published In||Volume 5, Issue 6, November-December 2023|
|Cite This||The Role of Data Warehousing in Revolutionizing Banking and User Experience - Atharva Mangesh Kashimkar, Dr. Sudeepta Banerjee - IJFMR Volume 5, Issue 6, November-December 2023. DOI 10.36948/ijfmr.2023.v05i06.8890|
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