Author: Michael Versace

Insights Presentation
July, 2012  -  Doc # FIN236035
Number of Pages: 18

Data is the currency of competition in financial service. The effective use of data and information is the foundation upon which firms compete. Services are wrapped around data to differentiate products and services. For example, knowing which customers represent the best credit revenue and profitability opportunity to a bank is a question that only data and analysis can answer.

As an extension, IDC Financial Insights believes that Big Data and business analytics can quickly deliver competitive advantage for those firms that effectively harness and leverage the trend.. In this IDC Financial Insights presentation, we describe some of the drivers behind big data with examples for how big data technologies are being applied against some demanding business imperatives in the financial markets today. The presentation concludes with Essential Questions and Guidance to practitioners.