As the world of fintech grows rapidly, the amount of data that has been generated on a daily basis is also increasing exponentially. Data has emerged as one of the prestigious possessions for both businesses and consumers. According to multiple reports, this data is estimated to be 2.5 quintillion bytes, extracted from various sources such as financial transactions, market data, and customer information. And this is only increasing with every passing second. It is no surprise to anyone that traditional data processing methods are not fully equipped to handle such a massive dataset, often leading to inaccurate or incomplete insights and misleading conclusions.
With the increasing volume of data generated through financial transactions, it is crucial for financial institutions to extract meaningful insights from it to drive decision-making, bolster innovation and gain a competitive edge. This is where data science comes into the picture, playing a vital role in transforming and harnessing raw unstructured data into meaningful insights so that fintech companies can benefit from it. With the potential to generate up to $1 trillion annual value as per a report by McKinsey & Company, data science has been a game-changer for the fintech industry. It has completely revolutionised the way financial data has been analysed, resulting in predicting market trends, mitigating risk and preventing fraudulent activities, and providing innovative products and services to consumers.
Esta historia es de la edición September 2023 de Food & Health.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición September 2023 de Food & Health.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Six Natural Ways To Lower Your Blood Pressure
Taking medication to lower high blood pressure is a proven way to reduce your risk for heart disease.
DESIGNER ANAMIKA KHANNA COLLABORATES WITH THE GIFT STUDIO ON LIMITED EDITION HAMPERS
Fashion designer Anamika Khanna has collaborated with gifting brand The Gift Studio to launch limited edition collection of luxury gift hampers.
EXPERIENCE THE ULTIMATE SUMMER RETREAT @ RAFFLES UDAIPUR
National, April 2024 - Raffles Udaipur invites guests to immerse themselves in a world of unparalleled luxury and relaxation this summer.
OOCYTE CRYOPRESERVATION FOR THE MODERN WOMAN
Recent birth statistics show an increased delay in childbirth until much later. This trend is largely due to women pursuing PG degrees and higher level of professional achievements that demand time and effort.
HYUNDAI UNVEILS THE NEW 2024 HYUNDAI SANTA FE HERALDING SNEAKER CULTURE
FOUNTAIN VALLEY, Calif: Hyundai in collaboration with Culture Brands, its African American marketing agency, launched their new multicultural campaign featuring the highly anticipated 2024 Santa Fe SUV.
CARTIER UNVEILS ITS HIGH JEWELLERY WORKSHOP - THE LARGEST IN THE WORLD
With nearly highly craftsmen 200 skilled united under one roof in Paris, Cartier has the world's largest fine jewellery workshop.
TAJ BEKAL RESORT & SPA, KERALA REIMAGINED
Taj Bekal Resort & Spa, Kerala is a 5 star resort in Bekal has 75 laterite villas and rooms inspired by the design of Ketuvallam houseboats beckon you in.
TOP 10 ONLINE FOOD DELIVERY APPS IN INDIA
Food delivery apps have revolutionized the way we order food, with just a few taps on our smartphones.
INCA SHOWCASES A GLAMOROUS TAKE ON SUSTAINABILITY AT LAKMÉ FASHION WEEK X FDCI WITH DIA MIRZA
Inca presented a glamorous and fluid take on sustainability on day two of Lakmé Fashion Week x Fashion Design Council of India with with womenswear collection 'Love is a Verb'.
JIMMY CHOO LAUNCHES 2024 BEACH CAPSULE COLLECTION IN INDIA
Luxury accessories brand Jimmy Choo has launched its Beach Capsule Collection for 2024 in the Indian market. The collection brings a selection of resort style handbags and footwear to its flagship stores in the country.