Business Intelligence in BANKS and role of Consultant

Building a Data Warehouse or BI System is neither the core business of banks nor of any single IT Vendor.It is best to hire a Consultant to guide the bank to plan and build a Data Warehouse and BI Solution.
The Consultant will guide the Bank towards a professional approach for the Project and provides a value add for:
1.Planning to build a Data Warehouse and BI System.
2.Assisting in the Bank's preparation for the requirements of Data Warehouse.
3.Guiding the Management and the bank Project Team.
4.Preparing the RFP for the solution.
5.Identifying the right solution provider.
6.Reviewing the Data Warehouse Project Implementation.

The Consultant will advise the Bank in selecting the solution provider.However,the Bank has to bear in mind the following when selecting the BI System Provider:
1.Experienced in building Data Warehouse and BI System.
2.Recognised by Analyst for BI Services.
3.Established framework with domain/technical solutions which will reduce the lifecycle of project.
4.Business turnover and number of Consultants in the BI Space with the solution provider.