The Asian Banker

Rapid Big Data analytics key to agile decision making
Failing to make quick use of data gathered can be one of the most crippling factors working against financial institutions today.

Jul 23, 2013 | Timothy Shim

Slow global economic recovery coupled with the double whammy of increased regulatory combined with greater compliance burden are causing financial institutions (FIs) to squeeze as much as they can out of every dollar they invest, desperately trying to reach that golden 40% cost-to income ratio. As they ramp up to launch big data and analytics business and technology strategies, it’s important for these FIs to keep in mind that it’s not just aging technology that is a challenge, but to recognize and treat seriously the significant risk that can be posed by blind execution of a potentially crippling strategy.

Categories: Channels, Data & Analytics, Risk & Performance, Technology & Operations
Keywords: Big Data, Social Media, FaceBook, Twitter, SAS, Jim Goodnight, Howard Rubin
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