Financial Firms Gear Up to Conquer Big Data
While the financial services industry has arrived at a consensus definition of what Big Data means—specifically, datasets that are larger in volume, faster in terms of both delivery and how quickly that data needs to be processed, and more complex in structure (or lack of structure) than what traditional databases can manage—it is still struggling to reach a consensus about the best way to adopt and utilize Big Data to meet its requirements.
For example, while the web-focused companies from
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