Tag Archive for financial sector

Innovate or Die: Cognitive Computing and the Financial Industry

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by Angela Guess Bryan Yurcan recently wrote for the Financial Brand, “In a world where empowered, always-connected consumers expect to interact with companies in real-time – and no longer rely solely on traditional channels – banks cannot be focused on today and must think about serving the customer of the future, lest they risk irrelevance.…

The Case for NoSQL in the Financial Sector

Forex Money for Exchange in Currency Bank

by Angela Guess Adrian Carr, Vice President EMEA at MarkLogic recently wrote, “According to a Gartner report published in 2013, 64% of financial services firms have already either deployed or launched a big data initiative. Ovum also predicts a rapid increase in big data technology adoption with worldwide spending on management information systems in the…

Top Five U.S. Bank Finds New Value from Metadata Applications

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by Angela Guess According to a new release out of the company, “ASG Software Solutions today announced that a top five U.S. Bank has chosen its Enterprise Information Management (EIM) suite to optimize business value for its diverse financial application portfolio. Since working with ASG, the Bank has increased its efficiency by 80-times over manual data…

Executing an Effective Data Agenda in the Financial Sector

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by Angela Guess Hyong Kim of Ernst & Young recently laid out the key principals financial institutions must follow in order to execute an effective data management strategy. He writes, “Regardless of size and shape, and whether they are from Main Street or Wall Street, all financial services institutions struggle with a common issue–turning data into…

The Big Data Learning Curve

Learning curve

by Angela Guess Melanie Rodier of Wall Street & Technology reports that while financial companies try to harness the power of their Big Data, they should be wary of the steep learning curve associated with Big Data technologies. Rodier writes, “The potential of big data extends far beyond the trading floor. Today, banks and hedge…

Making the Most of Big Financial Data with Semantics

Economic Fears Reignite Market Slump

by Angela Guess Bryan Bell of Expert System recently discussed how the financial sector can turn to semantics to make the most of its Big Data. Bell writes, “The financial sector consolidations over the past decade left many firms with volumes of knowledge trapped in legacy systems—but only a surface-level understanding of the valuable data…