Nationwide partners up with Qlik
Nationwide and Qlik, a data specialist tech firm, have formed a partnership to support the organisation’s technology and data transformation programme.
First used as a departmental solution for the Nationwide commercial team, the organisation has quickly expanded its use of Qlik in line with the acceleration of its data and analytics strategy. This encompasses integration of the full Qlik Analytics Platform including Qlik Sense and QlikView.
The primary goal is to make all employees across the organisation ‘data enabled’, giving them the confidence and skills to make decisions through self-service analysis and reporting.
Nationwide consolidated some of its satellite data teams and set about delivering data through self-service capabilities. This process revealed that a large portion of Nationwide’s employees who worked with data were spending the majority of their time on data preparation, reducing capacity to provide members with value and uncover insights.
The creation of a single chief data officer (CDO) function brought together its data governance, business intelligence, data warehousing, data lakes and many data science employees into one team, with a view to creating a data and analytics hub. As a result, the bank has improved data practices and will be adopting new methods of analysis using connected data.
“As a mutual organisation without shareholders, everything we do has to have optimal value for our members,” comments Lee Raybould, chief data officer at Nationwide. “Qlik is not only providing the technical foundation to make Nationwide a data-enabled company but also assisting the cultural development of every employee through our ‘Fit to Fly’ ambitions.”
“While technical analytics solutions play a crucial role, a company will never become data-enabled without cultural change and buy-in from the entire workforce. This goes hand in hand with giving people the means to analyse, argue with and make decisions using data in their daily working lives,” says Simon Kirby, director of financial services industry solutions at Qlik.