Big data in Banking: Not rocket science—data science

Banks have always had big data.

Today, however, it’s often the institutions building big teams of data scientists, or seeking out innovative analytics partners with embedded analysts, that are gaining a true competitive—and profitable—advantage from advanced analytics. In recent years there has been exponential growth and availability of data, both structured and unstructured, within banks, arriving at extreme velocities from a myriad of new sources.

Author: Steven D. Simpson

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