FinTech Magazine February 2024 | Page 79

BMO Simplifies and Transforms Analytics With Dataiku

BMO is at the forefront of a data analytics revolution . In December 2023 , they received the Digital Banker Outstanding Machine Learning Initiative Award for their cutting-edge machine learning solution tailored for their Virtual Connect team . By leveraging Dataiku , the Everyday AI platform that ’ s functional for both data and domain experts , BMO has simplified data analytics , boosted enterprise-wide data democratisation , and brought innovation to the core of operations in over 15 different lines of business via more than 200 total users .
Accessible Consistency and Agility In a federated environment where analytics offices are dispersed across multiple lines of business , ensuring every team within the organisation can effortlessly turn data into actionable business insights is complex . With Dataiku , BMO found a combination of reliability and workability . The integration of Dataiku caters to a range of needs across the enterprise , whether via a fully managed solution or simply by offering access to vital data and tools .
Solid Core , Flexible Edges An essential part of BMO ’ s data journey is the “ solid core ” and “ flexible edges ” mindset . This philosophy consists of a strong , standardised foundation for data analytics and room for customisation to ensure scalability and flexibility under the pressures of evolving business needs . For unlocking the ideal balance between innovation and dependability , Dataiku is inherently customisable and streamlines processes while retaining the necessary historical data capabilities .
Independence With a Safety Net Balancing the path to data analytics excellence is BMO ’ s prime focus . The mission is clear : empower data and business teams alike to attain selfsufficiency . BMO takes every team and systematically fosters their data proficiency with tailored guidance and resources . This meticulous approach coupled with Dataiku ’ s code or no-code options and visual , user-friendly interface guarantees that individuals of varying skill levels can unlock the full power of data in decisions with complete confidence .