Data is fundamentally important to the financial services and insurance industries. In commercial banking, capital markets, asset management, or insurance, success requires the extraction and integration of millions of data points that are contextually dynamic in their macro-environments.
The increasingly connected world of Big Data has paved the way for monumental change and opportunity in the financial services and insurance industries. Firms now access unprecedented data volumes and sources in real or near-real time. Whether insurers are seeking greater assurance to build premium risk models from connected home devices and telematics or capital markets analysts seek leading indicators of macroeconomic and geopolitical change through real-time sentiment analysis, Big Data can provide immense payoffs.