Opening the vaults: how banks could lead the way with Big Data
CapGemini suggests financial services firms could be among the big beneficiaries of big data. If they learn to use it. Inside the Enterprise: It’s often said that financial services today are not about money, but about data. Instead of cash, most of the world’s transactions flow as bits and bytes. Vaults contain not gold, but hard drives with billions of virtual entries. Plastic cards have replaced cheques, and with Bitcoin, we’ve seen the arrival of a global, virtual currency. All this requires a vast amount of data to work. And the trail…
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