Inside BIGDATA Guide to Big Data for Finance
There are many quality software tools allowing banking institutions to reap the benefits of big data. For example, many FSIs use Splunk to collect information as an industry leading big data platform designed to integrate information of all types into easily deployed visualizations.
HOW DELL TECHNOLOGIES HELPS
Dell Technologies and Splunk partner to make adopting Splunk simpler, by engineering a portfolio of purpose built solutions with non disruptive scalability and performance optimized for Splunk workloads. Together, Dell Technologies and Splunk enable you to harness the power of machine data analytics with simplified deployment and scalability.
In summary, the banking market and consumers who utilize finance products generate an enormous amount of data on a daily basis. While each activity is a single data point, multiple pieces of information creates a larger picture that can be used to recognize patterns in customer behavior, purchasing choices and other key insights. AI and data analytics have changed the way all this information is processed, making it possible to identify trends and patterns which can then be used to inform business decisions, in real time, at scale. Leveraging technologies like Splunk and Dell Technologies, help FSIs achieve this desired outcome.