Big Datahas become one of the most discussed topics in the financial services industry, given that financial services often have to deal with huge amounts of data on a regular basis. Wealth management is one area of this industry which could greatly benefit from Big Data and the ability to analyse it.
Here is a look at some of the ways Big Data technology could revolutionise wealth management firms and their ability to serve their clients’ needs. Data Management One of the key elements of Big Data is that is has the ability to bring lots of complex information together which can be used for numerous purposes. It can display one set of information which has come from numerous different sources, allowing for much easier management of data in general.
Author: Annie Qureshi