Nedcor Ltd., a $21 billion bank in South Africa, created
a consolidated view of its lines of business ranging from banking
and finance to cellular phones and credit card services. Nedcor's
visions was to create a Strategic Intelligence Centre where all
data was available in a form that could be readily accessed and
used in the consideration of tactical and strategic alternatives
and to disseminate that information out to executives and managers
involved in strategic and tactical decisions.
Nedcor had attempted to use competing solutions utilizing
classic data modeling techniques, however the large amounts of raw
data--tens of gigabytes a month from over 30+ data source--made
classic OLAP solutions unfeasible because of the immense hardware
requirements and the failure of the software to scale to that level.
Nedcor needed an advanced scenario based program management
to manage all initiatives in the bank and wanted to test their decisions
in management and board meetings in advance of taking action.
The solution supports scenario management and
operations profiling for analyzing the benefit, return, and impact
of new products, changes in fee structures, branch additions and
closings, acquisitions, and various other campaigns. The effects
of each scenario could then be viewed in real-time based on the
actual data in the enterprise model.
"Nedcor uses Virtual Strategy in it's
Strategic Intelligence Centre to answer the key business questions
of "What is happening? Why has it happened? What could happen
next? and "What can we do about it?"
- Anton de Sousa, GM