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Big Data Management in Financial Services
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Author(s): Javier Vidal-García (University of Valladolid, Spain)and Marta Vidal (Complutense University of Madrid, Spain)
Copyright: 2016
Pages: 14
Source title:
Effective Big Data Management and Opportunities for Implementation
Source Author(s)/Editor(s): Manoj Kumar Singh (Adama Science and Technology University, Ethiopia)and Dileep Kumar G. (Adama Science and Technology University, Ethiopia)
DOI: 10.4018/978-1-5225-0182-4.ch014
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Abstract
Many organizations are beginning to feel frustrated by the limited progress of their companies with the application of new technologies to date. At the same time is convenient to remember that this is something that always happens when new technologies are introduced, companies must accept the challenge of self-assessment and measure the barriers that threaten to prevent them from reaching to get the maximum potential derived from big data and analytics In financial services, there are significant opportunities to obtain benefits by applying technologies and methodologies of big data and analytics. Regulatory pressure has forced many businesses, particularly in banking, to invest in areas such as risk management, compliance and operations. This has accelerated the trend toward enterprise data management.
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