Where have you been all my life? How the financial services industry can unlock the value in Big Data

  • Print-friendly version
11/11/2013 by Financial Services Institute
Where have you been all my life? How the financial services industry can unlock the value in Big Data

At a glance

Rapidly accessing and processing increasingly large volumes of data derived from various sources is a major challenge for financial institutions. What makes Big Data different from traditional data management?

Processing increasingly large volumes of enterprise and third-party data in a timely manner—combined with the exponential advancement of social media, mobile, and cloud—is pressuring financial institutions to rethink the way that they do business and how fast they can respond to business needs.

Before they can succeed in gaining a competitive edge in today’s dynamic, digital global marketplace, financial institutions need to evolve into data-centric organizations.