After all, it is just good business to protect the most important asset of banks i.e. customers. Big data – big promise Big data is one of the recent technology trends that is catching up.
This catch phrase encompasses the data, tools, platforms and analytics needed to turn large repositories of internal and external data into trends, statistics and other actionable information to help in taking their decisions. As costs fall and new ways to correlate data are devised, Big data analytics may become commonplace thus surfacing as a game changer.