Three Steps for Success in Unlocking Big Data’s Potential

In my last blog post,The Future is Sooner and Stranger Than You Think I had talked about the characteristics of Big Data in terms of the 4 Vs (Volume, Velocity, Variety, Value), the 5 Ms (Monitoring, Mapping, Management, Middleware, Measurement). Today Big Data is inescapable in the Financial Services industry, with increasing volumes of customer and transactional information flowing through organizations. The FS sector is one of the most data-driven industries, and analysts estimate that somewhere between 80 and 90% of the data that exists within a bank’s datacentre is not analysed – data from call logs, weblogs, emails and documents. In addition, there are other relatively new sources of unstructured data that continuously spew digital exhaust and contribute to what’s known as ‘Big Data’– blogs, online news, weather, Twitter, YouTube and Facebook to name a few.

Read more at Finextra

Three Steps for Success in Unlocking Big Data’s Potential

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