Big Bank Consolidating Vendors with Recession Risk

We recently conducted an ETR Insights interview with the VP and Manager of Data & Analytics for a large financial services enterprise, who is well-versed in a broad range of database, analytics, and RPA services and providers. He details how banks are preparing for a higher interest rate and recessionary environment and how this will spill over into IT spending, vendor consolidation, and hiring. Read on to learn more about how Snowflake is overtaking legacy Oracle; Alteryx for data analytics and the coming low-code environment; the unexpected limits of Microsoft Power Automate; and how this VP’s development philosophy and soft launch strategy has fueled the adoption of self-service data analytics with his organization.

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