While Bi and Analytics are not relatively new concepts for financial services organizations, based on rapidly changing business models, shifting regulatory reforms, the expansion into new markets, and continually morphing risk management needs, would using just “traditional” BI cut it? Is Big Data a good answer? Is there a compelling business case to escalate from traditional BI to Big Data? What have financial organizations tried with respect to BI transformation and Big Data adoption, in order to meet the new needs of clients?
- Charles Costa, head of Global Technology and Operations and Chief Information Officer, J.P. Morgan Asset Management