Utilising reporting automation for operational efficiency in Banking - 2024 perspective

Only 26% of companies worldwide have implemented Business Intelligence (BI) tools — a sign of the growing shift toward data-driven decision-making. Large enterprises with over 5,000 employees show an adoption rate of over 80%, proving that data utilization is becoming a critical driver of business success.

According to Future Market Insights, the global BI market is set for explosive growth — valued at $28.2 billion in 2023 and expected to reach $56.2 billion by 2033, with a CAGR of 7.1%. BI tools like Power BI deliver significant benefits, including a 366% ROI within three years and reduced time-to-market from 18 to 10 months.

A Case in Point: Power BI for Enterprise-Scale Reporting Automation A leading European bank faced classic BI

challenges:

• Hundreds of scattered reports led to inconsistent insights and inefficient decision-making
• Performance meetings lacked clarity, and collaboration between IT and business units was fragmented
• The bank needed to unify reporting across 10 countries and 5 sectors, including corporate banking, insurance, and asset management​

The Result: A Scalable BI Ecosystem for 1,000+ KPIs

To address these challenges, the team built a powerful data ecosystem capable of:

1. Data Integration: Combined Hyperion, metadata catalogs, and relational databases into a unified BI platform
2. KPI Management: A user-friendly interface enabled precise monitoring and governance
3. Organizational Hierarchy & Security: Advanced protocols ensured data integrity and role-based access
4. Comprehensive Reporting: Over 100 report pages tailored to specific business needs

Implementing this comprehensive reporting system marked a significant step forward in enhancing efficiency and accuracy across the organization. The solution delivered measurable results that transformed the way data is managed and decisions are made.

• Automation and unmatched accuracy – The system automated hundreds of manual Excel reports, achieving an impressive 99% accuracy across more than 40 business units. This significantly reduced human error while freeing up valuable team time for higher-level analysis.
• Exceptional refresh performance – Within a global organization, the system achieved a 40-minute refresh time for large datasets, handling hundreds of KPI calculations. This remarkable speed highlighted the solution’s scalability and performance, enabling real-time, data-driven decisions.
• Sustainable growth and continuous evolution – Still in use and evolving in 2024, the solution continues to adapt to the organization’s growing needs, proving its long-term sustainability and flexibility in the face of future challenges.

By covering nearly 90% of key performance indicators, the system replaced previously manual reports with a unified platform, streamlining performance reviews company-wide. Even during the pilot phase, it proved its reliability by powering two official quarterly performance reviews — validating its potential for broader adoption.

This reporting ecosystem not only optimized operations but became a critical tool for ensuring data consistency, fast insights, and operational excellence across the organization.