The Banking Industry are trying to return to pre-2008 profit margins, but they face tough challenge to achieve that. These challenges, including tighter regulations or reduced interest rates, can be overcome using big data and analytics. Banks collect vast amounts of (customer) data and this data can be used to generate new revenue streams. This interesting video by IBM shows … [Read more...] about How Big Data And Analytics Can Help The Banking Industry – Video
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How Banks Should Use Big Data Video
The most innovative banks are combining the idea of moving big data to actionable data with Humans-as-a-Service. This means enabling the banking employees with the right data and information to properly serve the customers, regardless of the channel that the customer uses. This results in higher customer satisfaction and higher revenue for the banks. Paul Jameson, Global … [Read more...] about How Banks Should Use Big Data Video
Why a Mere 300 Exabytes In Legacy Data Will Give Us A Headache
Although 90% of the available data in the world was created in the last two years, it does mean that there is still a lot of old data. In 2010 and 2011 we created in total 3 Zettabytes of data. If we use a very simplified calculation, it would mean that the amount of old data is still approximately 0.3 Zettabyte or 300 Exabytes. If we compare that to the 2.5 Exabyte of data … [Read more...] about Why a Mere 300 Exabytes In Legacy Data Will Give Us A Headache
