NTT DATA and Microsoft develop a financial services-oriented cloud reporting platform | NTT DATA

NTT DATA and Microsoft develop a financial services-oriented cloud reporting platform

Both companies join forces to develop a Proof of Concept (POC) cloud-native information reporting solution that makes financial services companies' Business Intelligence (BI) processes more efficient

NTT DATA, the sixth-largest IT company in the World, and Microsoft join forces to offer a Proof of Concept (POC) cloud-native information reporting solution that makes financial services companies' Business Intelligence (BI) processes more efficient. The service offering takes place within the large collaboration between both companies, which aims to leverage the cooperation and teamwork regarding the modernization of applications.

The current context in the financial sector, Banking and Insurance alike, finds itself in need of intensive data usage, given the urgency of having to take a quick and real-time decision that directly affects business. Also, the high processing time systems that the financial companies count on requiring a great interaction of the IT departments, making the information flow much slower and less autonomous for decision-makers.

Thus, the situation we have nowadays has boosted the need for a search for efficiencies, rationalization of costs, and personalization to an increasingly demanding customer. NTT DATA and Microsoft join their knowledge of the sector and technology to develop a scalable and efficient solution, that looks to take advantage of levers that allow getting the maximum benefit from business data in an innovative way. The service can help companies in several aspects, leveraging the capabilities of components and Managed Services in the cloud. That grants companies real-time access to the information business structure dispersed in the organization.

Through transformation processes and fast-access data models, this solution provides companies with the best and fastest access to exploit their business information and support decision-making. It seeks to combine efficiency and good performance with rational use of infrastructure and cloud services.

The need for cloud solutions is not only booming in the financial services companies but in a general environment where enterprises from all industries are committed to applying cloud technology in their processes. This joint solution proves that the right combination of Microsoft technology components can enable an effective solution in terms of response times, data quality, security, and autonomy, since the business user is given the capabilities to exploit the information according to his needs. The combination minimizes the intervention of IT teams, and therefore it reduces costs, as the cloud services are adjusted to the use of the solution without the need to incur them when the solution is not being used.