Improving operational efficiencies using Big Data for Financial Services
Journal Title: IOSR Journals (IOSR Journal of Computer Engineering) - Year 2016, Vol 18, Issue 4
Abstract
Abstract: Financial services organizations around the world are experiencing drastic change. Financial services firms are turning to big data technologies and Hadoop to reduce risk, analyze fraud patterns. Ability of Big Data platforms to process and analyze unstructured data efficiently unlike current platforms that are limitedto handling structured data. This flexibility makes it possible to gain insights from different variety of data. Big data can be analyzed for insights that lead to better decisions and strategic business moves. For most organizations, big data is the reality of doing business. It’s the proliferation of structured and unstructured data that floods your organization on a daily basis – and if managed well, it can deliver powerful insights. Big data analytics is the process of examining large data sets containing a variety of data types -- i.e., big data -- touncover hidden patterns, unknown correlations, market trends, customer preferences and other useful business information. The analytical findings can lead to more effective marketing, new revenue opportunities, better customer service, improved operational efficiency, competitive advantages over rival organizations and otherbusiness benefits.
Authors and Affiliations
T. AshaLatha , Naga Lakshmi. N
Keywords
Related Articles
- EP ID EP123335
- DOI -
- Views 113
- Downloads 0
A Review of FPGA-based design methodologies for efficient hardware Area estimation
In recent years, FPGA’s have become increasingly important and have found their way into system design. So, the desire emerges for a means that allows early area and performance estimation Understanding how a...
Dynamic Passwords Using Graphics
Abstract:Textual passwords are most common method used for authentication. But textual passwords are vulnerable to eves dropping, dictionary attacks, social engineering and shoulder surfing. Graphical passwords are intro...
CAE Analysis for Oil Leakage Mechanism of Transaxle Oil Seal
Abstract: In recent years, the authors have been conducting research on the establishment of technical prevention measures for automobile development and design. This research investigates the mechanisms that cause...
Public conveyance system for shortest path nding for real road network
Abstract: This article analyzes problems of determining the shortest path and optimal route amongst the given stoppages. The model of the problem is presented as a directional graph, where nodes are pickup points (termed...
An Exploration of HCI Design Features and Usability Techniques in Gaming
This Conference paper explores the human computer interaction design features relating to gaming industry. The HCI user design interface development and HCI Usability expectations are discussed in this paper. H...