Big Data/Data Science
The use of Big Data and Data Science encompasses a number of innovative, game changing, initiatives and possibilities. Big Data is the phenomenon wherein data has exponentially grown and keeps growing in numerous day to day activities. Data Science encompasses using this Big Data for analysation and inference.
Data analysation can aid trend analysis, decision making and has numerous other uses. Owing to this, several tools have been developed. This insight can allow companies to make better decisions and thus improve processes.
The combination of emerging technologies results in numerous, innovative, uses in financial services and various other sectors. A few of the uses include:
- Wireless Payments
- Usage Based Insurance
- Personalised customer experience
- Risk analysis and management
- Intelligent asset monitoring
- Algorithmic trading
- Fraud detection
- Process automation
Across all of these segments, BDO brings an in-depth understanding of the complexities of the financial services industry, and the unique challenges facing our clients' businesses. And backed by a global network spanning more than 150 countries, we are able to address both domestic and international needs.
Watch: An Introduction to Big Data