EDHEC - Risk Institute: Big data looming large for asset managers

Big data has become big business for companies hoping to exploit it. But financial services groups and in particular, asset management houses, now have compelling reasons to treat the topic much more seriously.
The task of crunching the ubiquitous data overload has become magnified in recent years. The average company in 15 of the 17 US commercial sectors has more data in its systems than the Library of Congress, according to the consultants McKinsey. The consultants’ opinion is that a
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