In the financial industry, business intelligence assists in realizing the full potential of the organization and its goods and services. In this presentation, we looked at how technologies like Business Intelligence and Power BI are utilized in the banking and financial industries.

1. Business Intelligence in
Financial Services
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2. How is Business Intelligence Used in
Finance?
Using BI in finance not only eases the way of doing business but also
provides the institutions with a competitive advantage over others.
Banks, credit card companies, insurance agencies, etc., need to
constantly add new customers to their base and increase their market
share. Business intelligence provides them with the necessary
information to achieve their goals.
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3. Business Intelligence Uses in Finance
Easy Data Handling
Better Customer Retention
Managing Risk
Streamlining Work
Generating Real-Time Reports
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4. How Does Power BI Work?
Power BI is a package by Microsoft and contains a collection of
software apps and services to facilitate data collection, analytics, and
visualization. Power BI can be used as desktop software, cloud service,
and mobile app. It collects data from various external sources and
analyzes data to deliver detailed and accurate insights.
Power BI in banking helps use past and present data to predict future
trends. It gives the establishments the required information to be
prepared for the changing market conditions and make most of the
opportunities.
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5. Power BI uses for Finance
Digitalize Reports
Controlling Cash Movements
Budgeting
Trend Analysis
Customer Behavior Analytics
Real-Time Data - Monitoring
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6. Read the full article
https://www.datatobiz.com/blog/business-
intelligence-in-financial-services/
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