Role of big data in banking and financial services industry

BIG DATA AN IMPORTANT ASSET FOR THE BANKING & FINANCIAL SERVICES BUSINESS

US Banks currently have

1018 Bytes

1

OR

Exabyte

of stored data

50,000 years of DVD-Quality Video

$

! $

€ ¥

BIG DATA

55%

2%

4%

15% 23%

Sensors Audio Still images/Videos Social Media External Feeds Free-Form Text RFID scans or POS Data Emails Events Log Data Transactions % of Financial Institutions Surveyed

17

19

NOSQL Engines

25

21

Analytic Acceleratos

31

22

Stream Computing

36

27

Hadoop/Mapreduce Workload Optimization and Scheduling

47

36

47 42

Complex Event Processing

53 47

Information Integration

53 65

Columnar Databases

60

70

High-Capacity Warehouse

63

81

Security and Governance

64

92

Scripting and Development Tools

87

Scaleable Storage Infrastructure % of Financial Institutions Surveyed

2

Source: All data from secondary sources