Articles

Financial Firms Embrace Predictive Analytics

For financial markets firms, efficiency is becoming as important a differentiator as speed and scale. As a result, firms are delving deeper into predictive analytics to realize faster time to value and improve operational performance and decision outcomes.

Technologies that speed pattern recognition in ever-growing data sets – including big data – provide deeper insights into trends and behaviors that can translate into millions of dollars in opportunities and costs. Firms are increasing investments in predictive analytics amid an explosion in data sources and instruments to exploit them and a torrent of new regulations that are squeezing revenues, margins and profitability.

Source: dataconomy.com
Author: Gabriel Lowy

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2 replies »

    • I wrote to the author, Gabriel. His response: Hi Derrick, Virtually all of them. The majors have been experimenting the most. Uses cases include front, middle and back office operations. More recently, it has been extending to security and compliance.

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