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In the face of technological advances—including IoT, fintech, and artificial intelligence—the business of financial services continues to evolve. Employees are expected to not only make sense of big data sources, but to be able to communicate insights across various teams. The pace of business is only getting faster and organizations are finding smarter, more efficient ways to analyze data, driving results and creating a better customer experience.
This Frost & Sullivan report outlines the challenges and opportunities that financial services face in the age of big data including:
What's really going to make big data go mainstream is the ability to connect not just with data scientists and technologists but business people. And absolutely one of the keys to that is visualization, is being able to show people—not just tell people, not just show numbers or even show charts—but to have those charts and graphs and visualizations come alive.