Looking at a data-driven financial future for India

The financial landscape of India is amid a major transformation, underscoring the imperative for robust data and analytical capabilities in response to unforeseen market disruptions. According to Praxis Global Alliance, in 2022, the BFSI sector in India contributed more than one-third of the total expenditure of USD 30.5 bn on analytics by companies, excluding the IT sector. This data-driven approach signifies the BFSI sector’s adaptability to evolving industry trends and positions it as a trailblazer in embracing technological advancements, ultimately paving the way for a more resilient and agile financial ecosystem.