The Role of Analytics in the Financial Sector

“An ever-growing torrent of data enabled by improvements in storage capacity is shaking up the activities and strategies of many organizations, especially in the financial sector with its historically strong reliance on data. There is a desire for a better understanding of data and how to use it to improve business decision-making. It is accompanied by new challenges in how to access quality information from increasingly disparate sources of information.

From working out the best way to extract and aggregate data from multiple sources, to leveraging artificial intelligence for risk management and improving customer knowledge, the ability to exploit data is becoming a differentiating factor for organizations in the financial sector.”

 

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