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Make Big Data Your Big Advantage in Financial Services

December 1, 2021

But what is Big Data? In a nutshell, it is the ability to retain, process, and understand data like never before (Zikopoulos, 2015). Big Data is when you have challenges that cannot be handled by traditional database systems.

Challenges in the context of Volume, Variety, Velocity, Veracity. These can be found in Financial Services. In fact, technology is so integral to banking that financial institutions are now almost indistinguishable from IT companies.

This article looks at the Financial Services industry to examine Big Data and the technologies employed. It further covers ROI, Big Data analytics, regulation, governance, security, and storage as well as obstacles and challenges that have made the industry what it is today.

Spotlight

TD Insurance

At TD Insurance we have the privilege of protecting more than four million Canadians and their families and providing trusted insurance advice and support. We work in two sectors: general insurance and life and health insurance. TD Insurance is the largest direct-response home and auto insurance groups in Canada.Delivering legendary customer experiences is who we are and part of our employee culture. A career at TD Insurance offers meaningful work, career opportunities that exceed expectations, and a diverse and inclusive company culture.

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Make Big Data Your Big Advantage in Financial Services