Allied Bank, being fully cognizant of the digital transformation pre-requisites, will become one of the first banks in Pakistan to adopt Oracle Big Data Appliance which is a multi-purpose engineered system for Hadoop workloads and data processing. Through its collaboration with IBM, Allied Bank will be able to ingest structured and unstructured data in real time, make more informed data driven business decisions based on meaningful insights and machine learning models, and in turn, improve and personalize customer experiences.
Speaking on the occasion, Tahir Hassan Qureshi, CEO Allied Bank stated, "Allied Bank is continuously investing in the technologies of the future and adopting Oracle Big Data Platform is another step towards revolutionizing data driven decision making in today's digital economy. We strongly believe that data is the most valuable asset in today's rapidly evolving financial services sector and journey through Artificial Intelligence is the ultimate driver of business transformation."
Ghazanfar Ali Country General Manager of IBM Pakistan said, "Tapping into IBM's expertise, ABL will utilize data analytics and cognitive capabilities to create personalized digital experiences for its customers, and have the ability to make more informed business decisions and drive actionable outcomes."
Shariq Rehman, Managing Director, Oracle Pakistan said, "Allied Bank with the help of Oracle Big Data Platform, will be able to process unstructured data and get meaningful insights for data-driven decisions and provide its customers with value added services."-PR