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Merging Insights & Trades into One Powerful Tool
Consolidating Enterprise Data Warehouses at Wealth Management Leader
Overview
A leading health, wealth, and investment company with over fifteen million clients, experienced remarkable growth driven by strategic acquisitions. This resulted in a fragmented data landscape, complicating their ability to access and leverage customer insights. To overcome these challenges, the organization sought a comprehensive solution to unify its enterprise data management.
Key Challenge
With five separate enterprise data warehouses (EDWs) and over 30 data sources, the company’s siloed infrastructure blocked its ability to gain a 360-degree view of its customers. With no comprehensive data strategy, it could not access critical trade information to analyze customer interactions across its diverse financial services and products.
The 7Rivers Solution
The wealth management company partnered with 7Rivers on a strategic project to consolidate all EDWs onto the Snowflake platform. This effort involved the creation of a unified, scalable, and efficient enterprise data infrastructure. By establishing new data pipelines and implementing Data Vault 2.0 as the foundational model, the company integrated customer data from multiple sources into one, single source of truth, streamlining access to vital trade information.
Key Strategies
- Merged all existing EDWs into a singular Snowflake platform for streamlined data management
- Developed new data pipelines to ensure seamless integration of information from over 30 systems
- Adopted Data Vault 2.0 approach to facilitate effective data governance and provide a robust structure for future data initiatives
- Empowered data science team to perform quantitative analysis at scale, leveraging integrated trade data for deeper insights
Key Outcomes
- Achieved a 360-degree view of customers
- Analyzed interactions across various financial services and products
- Bolstered analytics capabilities to meet and anticipate customer needs and market trends
- Improved operational efficiency and more informed decision-making
Consolidating our data infrastructure onto the Snowflake platform has transformed how we view and interact with our customers. This initiative not only enhanced our analytics, but empowered us to deliver more personalized and timely financial service.
– Leading Wealth Management Company
Our Services
At 7Rivers, we understand that having a unified view of customer data is paramount. Our collaboration showcases how strategic data consolidation can unlock powerful insights so organizations can adapt swiftly in a dynamic marketplace.
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