NAFIS 2017: Firms Dip Their Toes into Data Lakes for Analytics
Panelists at the North American Financial Information Summit described the transformative potential of “data lakes” for supporting firms’ ever-increasing analytics and alternative data storage requirements. Joanne Faulkner reports.
Data warehouses in firms today have traditionally grown within business silos, or may have come from acquisitions, said Thomas Angelo, digital collaboration services director at BNY Mellon, speaking on a panel at the North American Financial Information Summit held in New York on May 24. “The problem is, they’re very difficult to scale. If you want to add a new business to a warehouse, it’s difficult to add [because that warehouse is typically] a best-of-breed developed for one solution. But to
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