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Sensible points above although should be recognised that global institutions have multiple businesses and drivers. Retail is different to trading environments that tend to be sadly driven from the board on regulatory goals....not revenue that would promote a proactive stance on business change - the  last 20% that makes 80% benefit. Shiny new boxes & reports dont deliver value add....

I'd agree Kishen - banking tends to be tame when using data as an asset. Some aspects of governance are adopted through operations but not through business development where the potential value seems to be seems too much of a risk to management. Not quite a dog-fooding industry ;-) .  Much seems based on transactional data rather than the bigger picture of 'other' data impacting people & decisions which is being captured by the second and not necessarily used!!

Looking at telcos in the UK, they are honing in on the value: >100k events per second per telco shaping not only propositions to be relevant to customers but also value from aggregated data to 3rd parties. 

Advertising, product offerings, wastage, fraud, relevance all add up to £MMM let alone operational improvements. Waiting to see the value add examples around data & its management (as an asset) as you illustrate go mainstream globally within banking... 

Not sure IBM & Watson are not already doing this, where earlier in the year Citigroup took on Watson capability.

 http://business.time.com/2012/03/07/ibms-watson-supercomputer-heads-to-wall-street/