Gartner Research

Banks' Big Data Projects Should Focus First on Business Cases, Not Technologies

Published: 22 October 2013

ID: G00253563

Analyst(s): Ethan Wang

Summary

Gartner client inquiries show that many banks are struggling with big data projects. Their starting point should be a search for appropriate business cases, rather than technology selection.

Table Of Contents
  • Impacts

Analysis

  • Big Data Could Deliver Benefits to Banks — but Only If They Know Where to Start

Impacts and Recommendations

  • Confusion about definitions and technologies makes it difficult for banks to establish clear starting points for big data projects
  • The success of banks' big data projects is being compromised by the failure to determine quantifiable ROI or estimate demands on internal resources
  • The absence of "one size fits all" big data technology solutions makes use case development the most critical big data project success factor

Gartner Recommended Reading

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.