Loading...
Please wait, while we are loading the content...
Similar Documents
Adopting SAS® Viya® into your Business: Data Success Tales from a Central Bank’s Perspective
| Content Provider | Semantic Scholar |
|---|---|
| Author | Zenick, Ben |
| Copyright Year | 2020 |
| Abstract | Data maturity is an essential element of a successful business. To support business growth and capacity, companies, like Eastern Caribbean Central Bank (ECCB) seek to adopt high performance, user-friendly data and analytical solutions as they outgrow tools such as Microsoft Excel. This paper shows how ECCB matured from a legacy system primarily using Microsoft Excel for analytics and reporting purposes to a customized, self-service, robust system powered by SAS Viya. SAS Viya’s ability to connect Python – an open-source interface – and REST APIs to the Cloud Analytics Services (CAS), along with web-based analytics and reporting capabilities, was an optimal analytical solution that supported ECCB’s vision for growth and complex business process. In this paper, we will walk you through the business issues that inspired the change, the specific techniques we used to solve the data issues, and how they integrated the solution into their processes. All solutions have their wins and losses – so we will share the practices that worked well and those that could have gone better. OVERVIEW OF EASTERN CARIBBEAN CENTRAL BANK FROM THE BUSINESS PERSPECTIVE WHAT IS THE EASTERN CARIBBEAN CENTRAL BANK? The Eastern Caribbean Central Bank (ECCB) is the monetary authority for a currency union with a quasi-currency board arrangement. Based on the Eastern Caribbean Central Bank Agreement Act 1983, the ECCB has the power ‘to issue and manage currency, to safeguard its international value, to promote monetary stability and a sound financial structure and to further the economic development of the territories of the Participating Governments.’ There are eight member countries, six of which are independent, while two are territories of the United Kingdom. The ECCB was established on October 1, 1983 following an agreement signed on July 5, 1983 between the Government of Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (Saint Kitts) and Nevis, Saint Lucia and Saint Vincent and the Grenadines. Anguilla became a member of the Bank on 1 April 1987. The Eastern Caribbean Central Bank Agreement Act 1983 includes the following purposes as laid out in Article 4: • To regulate the availability of money and credit. • To promote and maintain monetary stability. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.sas.com/content/dam/SAS/support/en/sas-global-forum-proceedings/2020/4721-2020.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
