However, such an overhaul should not have to mean a replacement or upgrade to existing systems, but rather a universal platform that connects throughout the bank, interrogating all the necessary data on demand, and using the latest high speed technology.

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Margarite, director general at Inversis Bank, makes the case for technology as a way to let business users interact with data directly, without relying on data experts.

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Faustino Perez, director at the bank and head of the development team in the IT department, said that the bank had been dealing with its data on a mostly manual basis before BIRT, but growing volumes required more technology.

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Spanos also sought investors who could help him solve problems of data analysis, technology, and marketing to a large organization, such as how best to approach, say, Bank of America (BAC).

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Madelyn Blair, author of Riding the Current: Dealing with the Daily Deluge of Data, shared a case study from her work at the World Bank where she was a Division Chief in the Information Technology department for ten years.

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