Big data has evolved well beyond the "buzzword” phase, and solution providers have been working with customers to deliver actionable intelligence, especially in financial services and banking. It seems to have been made for financial services. Big data can help address issues such as improving customer satisfaction, reducing risk and addressing regulatory compliance. And banks and financial services companies are developing increasingly sophisticated big data use cases in an effort to stay ahead of the market and their competition.
According to industry analysts, the top four U.S. banks spend between $7 billion and $10 billion each year on technology, much of that on big data infrastructure and analytics. According to Aberdeen Group, those financial institutions that apply big data analytics have better sales with higher lead generation, more lead conversion and greater customer retention. To date, banks and other financial institutions have primarily applied big data analytics in four areas:
Financial services companies are looking for new strategies that embrace analytics 3.0. Beyond simple analytics (1.0) and big data analytics (2.0), analytics 3.0 is changing banking. Banks are gathering more information from website interactions, call centers and in-bank tellers to learn more about customers, and using analytics integrates that data to identify strategic inflection points in the customer journey. For example, banks are leveraging mobile banking data to track customer behavior to offer value-added services on the fly. Bank of America has developed BankAmeriDeals, which offer immediate cash back via customers’ mobile phones based on previous transactions.
However, big data analytics can do so much more for financial services companies. Here are seven of the big data trends and technologies having an impact in financial services:
Content has become king, but what does that really mean to those engaged in the pro AV and digital signage industry? It means that with all the competition for customer attention, solution providers, marketers and digital signage systems designers should always be prepared to bring their A-game when it comes to providing fresh content that reaps bountiful yields of interested viewers and potential sales leads.
With Ingram Micro announcing the expansion of its Ecosystem of Cloud to include new cloud delivery platforms at Cloud Summit 2016, many channel partners were eager to learn more about the capabilities of each platform, including the Ingram Micro Cloud Store.
As the video surveillance industry continues to evolve, some value-added resellers (VARs) find themselves drawn to the latest technology trends. But not every innovation fully catches on. How can a VAR hone in on those trends that are going to truly benefit its business?
“Big data” is one of the hot buzz phrases surrounding the IT market today. According to Gartner, it represents “high-volume, high-velocity and/or high-variety information assets that demand cost-effective, innovative forms of information processing that enable enhanced insight, decision making, and process automation.” In other words, there are a whole lot of data coming in, and organizations need to figure out how to utilize them.
If you thought that ransomware had disappeared with the original CryptoLocker botnet being shut down in 2014, you are unfortunately mistaken. Though that particular big-name threat isn’t the scourge it once was, ransomware has continued to proliferate. The number of threats and their severity are unfortunately on the rise. And like all malware, ransomware has become more sophisticated and is even beginning to crop up on operating systems once believed to be safe from such threats.
Did you know that during the US EMV transition as many as 15 million point-of-sale terminals had to be replaced? The scale of the adoption process has been much larger than for any other country in the world.
While the general story of businesses and enterprises regarding the computer storage trends that they are increasingly relying on center on flash, the cloud and NAS, Enterprise data centers are far more focused on flash and hyper convergence. The story behind flash is much more diverse for enterprise data centers as is HC, so here are 5 computer storage unit trends that will improve your data center.
Unified Comm & Collaboration
The key to successful remote working is empowering communication, collaboration, and transparency using integrated tools that are common within the organization. Remote workers need access to the same user interface that employees in the office have in order to ensure continuity, and they need access to the same tools that all other workers have. The true potential of remote working can only be achieved if the proper unified communications and collaboration (UCC) tools are implemented; if so, there will be a positive effect on productivity, employee satisfaction, and efficiency.
In today’s business environment, IT departments face increasing pressure to do more with less. They’re moving to the cloud so they can respond quickly and inexpensively to growing demands from business units.
For large retail companies and big box retailers, the cybersecurity lessons of the past several years came at great cost: severe brand damage, millions of dollars in lost revenue and, in some cases, the jobs of several highly placed executives. But their losses are your retail customers’ gains. Now that retail cybersecurity is top of mind, make sure your customers in this space are taking the right steps to prevent costly security breaches.
New JMC Campaigns
With all the articles we see about IT moving to the cloud, it might lead some to believe that on-premise computing will be completely phased out in the next few years. But, a closer look at the research tells a different story. An IDC InfoBrief, sponsored by Cisco and titled, “Don’t Get Left Behind: The Business Benefits of Achieving Greater Cloud Adoption,” found that 64% of companies currently using a cloud solution plan to ultimately deploy a mix of public, private and traditional IT services.
Windows Server Migration
Over the past several years, Microsoft has been beating the drum, waving the flag, and blowing sirens in order to broadcast upgrading from Windows Server 2003. The advantages are numerous and so are the risks of continuing to operate this server release after July 14, 2015, especially now that we’re past the end-of-life-support deadline.
We live in a world with what sometimes feels like too many choices. Anyone who has used a streaming service to watch a movie has had the experience of scrolling through thumbnails of films for what seems like hours, only to go to bed without ever deciding on what to watch.