Why it’s the future for financial services
Today, data is often talked about as ‘the new gold’: the fuel to power business performance. In few economic sectors is this vital resource more highly prized than in finance where it is widely used for everything from risk management to investment decision-making and from customer analysis to fraud prevention. But collecting data for its own sake is of little use in finance.
New research commissioned by Alveo, polling data scientists in financial services firms across the UK, US,
and Asia, highlights the scale of the challenge. In the Alveo survey, just 35% of data scientist respondents said the data management systems and processes they use today are ‘very effective’ at supporting business and operational decision-making.
To access our full survey results, download our free report today!