Impact of Technology Adoption and Trends in Banking Technology
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 40 rapid-fire Q&A cards.
What is Data Warehouse (DW)?
is a database designed to store data from heterogeneous sources to generate critical information for Decision Support Systems (DSS).
Documents?
Which documents can be communicated electronically
Content?
Information to be included in each electronic document
Sequence?
The order in which the information must follow
Semantics?
The meaning of individual pieces of information
1 — Advantage / Why it Matters?
Advantage: Data is consistent processed information is more accurate and relevant; Why it Matters: Cleaner decision input
2 — Advantage / Why it Matters?
Advantage: Data redundancy minimised; Why it Matters: Reduces labour in data reporting
3 — Advantage / Why it Matters?
Advantage: Flexible — easily modified for changing requirements; Why it Matters: Future-proof
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