The UOB enterprise data strategy and analytics transformation program under the Data Management Office (DMO) aims to drive the adoption and ongoing use of data and analytics across the bank for smarter, faster, and more accurate decision making. This is done through a holistic approach that focuses on people, process, technology, and data. As part of the program, UOB set up the BDAC as a center of excellence to deepen the organization’s data analytics capabilities and provide effective business intelligence solutions for business functions across the bank. UOB also brought together people with expertise in areas such as analytics, technology, finance, and risk to form a multidisciplinary agile team that focuses on delivering data and analytics solutions for the organization. In addition, the bank has been equipping leaders in key markets, including China, Indonesia, Malaysia, and Thailand, with the knowledge and skills to develop local data strategies and gain local insights through the use of self-service business intelligence tools. |