Organisations in the financial services industry should invest in data acceleration solutions to help them stay ahead of their competitors.
With financial services being ever increasingly data-driven, the cost-focus of data management needs to shift because data is a company’s most invaluable asset. Organisations therefore need to ask themselves questions about how to invest wisely to gain value from their data. By doing so they can be able to gain faster customer insight, achieve a higher level of innovation by developing new markets and products based on the information they glean from big data, become more profitable and they can attain a competitive advantage over their competitors in one way or another. The key to achieving this is found in real-time data analytics to create and find value in your data.
Alex McMullan, CTO, EMEA at Pure Storage, writes in CBR magazine: “Today’s networked world is creating incredible amounts of data at an ever-increasing rate. The challenge for the Financial Services industry is in how they can unlock the potential in the data, making use of insight rather than intuition in decision making, to reduce costs and drive revenue generation.”
Find out more about how to turn data management into an invaluable asset, read the complete article on IT Pro Portal.
Published by IT Pro Portal on 29th August 2017. By-lined to David Trossell, CEO and CTO of Bridgeworks. #Bridgeworks. #YearInReview


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