Articles

In Age Of Big Data, Banks Face Tricky New Challenges

The current generation of bank CEOs are used to being called in front of congressional and parliamentary committees to explain themselves, so they can empathize with the recent spate of congressional testimonies from technology companies.

Unfortunately, Accenture’s Banking Technology Vision 2018 indicates that if they don’t take action on how they manage data, bankers may have further opportunities to take out their best suits and head to whatever their country’s version of Capitol Hill is. Like almost every other sector of the economy, banking sees data as the new oil – a valuable resource the best use of which will differentiate the winners from the losers. Accenture’s survey of nearly 800 bankers finds that 84% increasingly use data to drive critical and automated decision-making.

Source: forbes.com
Author: Alan McIntyre

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s