Post on 25-May-2015
description
KYC is about Knowing Your Customer.
Really? KYC is about identifying your customer. It is about compliance! It is NOT about understanding the customers needs.
Big Data in banking is about making your relationship with the customer contextual , relevant and mutually beneficial….its about building an Everyday Bank.
Spending Habits
Customer
Lifestyle Likes & Dislikes, Interests , Health and Safety, Travel Trends
Risk Profile
Patterns for Fraud Detection
Savings & Investment preferences
New York Stock Exchange
Captures 1 Terrabyte of Data
Each trading Session
Modern Cars have at least
100 sensors generating data in real-time
By 2015 it is estimated that network connections will average more than
2.5 people on earth.
Estimates of over 420 million consumer wearable's in the
next 4 years
400 million tweets
30 billion pieces of content
4 billion hours of video
Data in Healthcare estimates at 150 Exabytes
1 in 3 Business Leaders Don’t trust the data they use
to make decisions
$3.1 TRILLION a year! The cost to the US economy attributed to poor data quality
In one Survey
27% of respondents were unsure of how much of
their own data was inaccurate
You
UNSTRUCTURED DATA IS LESS ORDERED
AND RIGID, AND MORE INTERRELATED THAN TRADITIONAL DATA
NEWLY EXPANDED DATABASE STACK
TRADITIONAL STACK
DIRECT RECORD ACCESS OR QUERIES
Monolithic Hardware
MapReduce PROGRAMS
Distributed Hardware
Relational Database
NoSQL Database
Parallel Relational Database
HADOOP (MapReduce
Engines)
THE NEW WORLD OF DATA ANALYTICS IS IN
REVEALING INSIGHTS LITERALLY EVERY FIELD IMAGINABLE
Alacergroup.com
Alacergroup.com
http://www.youtube.com/watch?v=F7pYHN9iC9I