Future of Big Data in Financial Services [Video]

In this article, we will discuss some of the trends indicating the future of big data in the financial sector.

Big data analytics has been around for over ten years now. The early adopters have learned from mistakes and shown how companies can actually profit from using big data analytics.

Future of Big Data in Finance Sector

Moving Beyond the Hype

The hype is settling down now for big data. CIOs are not as willing to spend millions just on experimentation, they want to know how the returns are going to roll in.

Taking a Reality Check

One common mistake is overestimating what data insights can reveal. Overreliance on a single data source such as sentiment analysis can result in disaster. Executives and data scientists are now realizing that big data analytics isn’t a solution to everything, and a little bit of humility is called for.