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Big Data by Hai Jiang, Laurence T. Yang, Alfredo Cuzzocrea, Kuan-Ching Li

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Chapter 17

Big Data in Finance

Taruna Seth and Vipin Chaudhary

Background

The financial industry has always been driven by data. Today, Big Data is prevalent at various levels of this field, ranging from the financial services sector to capital markets. The availability of Big Data in this domain has opened up new avenues for innovation and has offered immense opportunities for growth and sustainability. At the same time, it has presented several new challenges that must be overcome to gain the maximum value out of it. This chapter considers the impact and applications of Big Data in the financial domain. It examines some of the key advancements and transformations driven by Big Data in this field. The chapter also highlights important Big Data ...

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