Big Data Analytics Finance Sector

Over 5% growth is expected in financial services IT spending this year, heightening market opportunities for service providers.

According to IDC, a significant part of this spending will be to support key projects focused on big data and analytics, with almost all major banks around the world highlighting analytics deployments as part of their competitive strategies.

This is particularly true for retail banking, as banks seek to understand and respond to customer behaviour and build excellence in customer experience through use of data analytics platforms.

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