Project Description
Data and Analytics Capabilities Assessment & Roadmap – A Modern Data Analytics Target State Architecture
Project Description
Our client is a member owned financial cooperative who requested assistance in developing their Data and Analytics capabilities target state architecture and road map.
What We Did
- Current state assessment (data capabilities, data sources, repositories, reporting tools etc)
- Produced High Level Requirements for a Data and Analytics platform including requirements for:
- Data Ingestion tool(s) and Data Stores
- Advanced Analytics and Machine Learning
- Business Intelligence reporting, Master Data Management, Data Quality assessment, Metadata management, Data Security and Privacy
- Data and Analytics platform requirements related to inflight transformational programs such as Open Banking, Omni Channel, CRM, and foundational requirements
- Created a fit for purpose Modern Data and Analytics reference architecture to meet the requirements. The components included:
- Batch and data streaming tools
- Data Stores: Data Lake, Data Warehouse, NoSQL data store
- Reporting and Dashboarding tool(s)
- Advanced Analytics & Machine Learning capability
- Data governance and metadata management components
- Provided guidance on the implementation of the architecture and capabilities and potential tool selection on Microsoft Azure’s Big Data Cloud Platform
- Produced a road map and architectural transition states to deliver the target state capabilities
- Provided a rough order magnitude cost to implement the target state architecture
Outcomes Delivered
- Enabled the client to articulate the need for a modern data analytics platform through the high-level requirements
- Developed a modern data analytics target state architecture to be used as a north star to guide the client’s roll out of data and analytics capabilities
- Created a roadmap for the client to have an overarching view of the approach and sequencing to implementing the data and analytics capabilities
- Provided the client with a view of the cost to deliver the capabilities and run the Platform
Project Details
- IndustryWealth Management
- Service LineData & Analytics