June 2, 2022
2
min read
BankDirector: Does Your Bank Struggle With Analysis Paralysis?
What is analysis paralysis? Analysis paralysis is the inability of a firm to effectively monetize data or information in a meaningful way that results in action.
The challenge facing most community financial institutions is not a lack of data.
Institutions send millions of data points through extensive networks and applications to process, transmit and maintain daily operations. But simply having an abundance of data available does not automatically correlate actionable, valuable insights. Often, this inundation of data is the first obstacle that hinders — rather than helps — bankers make smarter decisions and more optimal choices, leading to analysis paralysis
Click here to read more: Link to Article
.png)
.png)