10 Ways Financial Services Are Adopting Big Data
Bangalore: As big data offers a way to limit the data growth and reduce operational costs, it is becoming inevitable for any sector involving business analytics like financial services to part way with this emerging trend.
Big Data has been one of the fastest emerging trends of 2012 and within a very short span of time it has sneaked its way into all service sectors.
Financial Services, that involves crunching vast amount of numbers and extensive data research, has also realized the critical importance of big data. Though the financial service sector has been a little slow to uptake big data, it is now fast adopting it in order to equip itself to handle the massive amounts of data that it generates.
Here are 10 ways, as published in CIO, in which big data is shaping the segments of financial services:
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