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What Are the Big Data Initiatives at Major Companies?

Financial institutions and other large corporation are using Big Data for a range of successful projects and initiatives, according to a recent survey. Almost 81% of executives, surveyed by consulting firm NewVantage, characterized their big data investments as “successful.”

The report, released last week, included responses from 50 C-level executives at Fortune 1000 companies; more than 75% of the respondents were from financial services firms. According to the report, there are seven focus areas for firms in their big-data projects, with cost-reduction being the most popular one. From the report:

Source: bankinnovation.net
Author: Diana Asatryan

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