Big Data
The Role of Big Data in Banking
- Kang siswa
- 2022 December 05 12:31
- Big Data
Big data is a buzzword that is changing how businesses operate in the 21st century. The financial industry, particularly banking, has not been left behind in this data revolution. Banks, like many other businesses, have realized the importance of big data analytics in improving customer satisfaction, identifying risks, and predicting trends. Big data refers to the massive volume of structured and unstructured data that banks collect from various sources, including social media, online banking transactions, mobile devices, and other digital platforms. This essay explores how big data is transforming banking, the challenges that banks face when adopting big data analytics, and the opportunities that big data presents to banks.
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