Banks embarking on Enterprise Data Warehouse (EDW) projects have of late been on the increase. This is an impact of India’s primary regulator the RBI, asking PSU banks to implement a Central Data Repository, which is actually another avatar of a Data Warehouse (DW). While a DW does deliver great benefits, costs have been escalating irrationally. Not so long ago, large banks (in the 3000-5000 branches league) were able to implement an EDW by investing around Rs 50 crores including the cost of about 5 years of post-implementation support. Project costs today for the very same exercise have gone up by a whopping 100%. Besides the cost factor, most banks are dissatisfied with their DW.
This makes one ask: Is it really worth spending an astronomical sum for a DW?
Continue reading – > http://goo.gl/qM0t3V