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Hadoop for Finance Essentials by Rajiv Tiwari

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Chapter 2. Big Data in Financial Services

Today, financial service organizations generate the highest volume of data compared to any other industry. For example, the NYSE creates 1 terabyte of market and reference data per day and individuals do 10,000 card transactions per second. So, financial organizations have a great opportunity to exploit big data with Hadoop.

In this chapter, I will extend our big data overview with the financial sector angle and cover:

  • Big data use cases across industry sectors
  • Why is big data required in the financial sector?
  • Big data use cases in finance
  • Big data evolution in finance
  • Big data tools—what should you learn?
  • Big data implementations in finance

Big data use cases across industry sectors

Since Hadoop was developed ...

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