Check out how big data is proving invaluable to finance. Here is the top 10 big data trends in finance. Big data place a vital role in analysing the feeds, Predictive models, forecasts & assess trading impacts

1. Big Data trends in FinanceHow Big Data is proving invaluable to Finance10

2. I. Predictions via history
Market data sets with historical records used to feed predictive models, forecasts & assess trading impacts!

3. II. Transparent analyses
Deeper analyses on governance & risk reporting
Necessary for regulations & compliance standards

4. III. ERM scale-up
Makes risk management easy
Improved transparency, auditability & provisions against human lapses

5. Data from multiple data touch-points (branch, web, mobile) to supplement new predictive analysis
Focus on behavior patterns & increased conversion IV. Consumer-centric data strategy

6. THIS IS WHERE BIG DATA IS ALSO USED

7. V. Exploring newer markets
Substantial big data investment & infrastructure in BRIC economies
Rising local & cloud-based data capacities

8. VI. Reducing cost of business
Employing advanced big data storage & process frameworks
Easing operations functionality to discover innovative trading opportunities

9. VII. Framework reconfiguration
Restructuring ETL processes to help manage large data siloes & large-scale data processing
ETL
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10. VIII. Improving credit risk models
Running analytics & enabling predictive analysis based on historical payment behavior
Predict & determine future risk
Provisioning priority collections

11. More on Predictive Analysis

12. Universal use of mobile applications & Internet- connected devices (tablets, smartphones) to collect trading information
Raising tech stack to battle data deluge
Frameworks to integrate structured & unstructured data equallyIX. Increasing data collection points

13. X. Impermeable data centers
Innovating self-secured algorithms to process data
Ensuring data security to access control on & minimize negative impact on existing systems

14. SOURCE: insideBIGDATA

15. VISIT www.promptcloud.com/blog
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