SAS: Banking on Analytics: How High-Performance Analytics Tackle Big Data Challenges in Banking
As part of what Howard Rubin calls the most data-intensive economic sector in the world, financial services leaders know what big data is all about . Consider the astounding volumes of financial transactions that banks have managed for years – combined with vast customer, operational and regulatory data surging from multiple sources . It’s no wonder that 92 percent of the cost of business for financial services firms is data.
What needs to be done with all that data? Clearly, operating from
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