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Hadoop for Finance Essentials by Rajiv Tiwari

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Why big data in the financial sector?

Big data is not just changing the data landscape of healthcare, human science, telecom, and online retail industries, but is also transforming the way financial organizations treat their massive data.

As shown in the following figure, a study by McKinsey on big data use cases claims that the financial services industry is poised to gain the most from this remarkable technology:

Why big data in the financial sector?

The data in financial organizations is relatively easier to capture compared to other industries, as it is easily accessible from internal systems—transactions and customer details—as well as external systems—FX Rates, legal entity data, ...

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