Today we are going to discuss about the three main trends among the most promising financial service firms that are transforming themselves into Big Data-driven companies. - Data operational model: by defining roles and responsibility, these firms put in practice a data governance model that begins with the definition of the Data Officer as a leader that is responsible for designing the macro data governance model and assigning the other roles; a Data Governance Coordinator t

The evolution of technologies have been helping the CFOs to make better decisions and focusing in other areas rather than monitoring and control function to analyze new business opportunities. Thanks to the new way data is storaged and live connected to the systems. Big data technology generate important cost advantage to data elaboration, by using automated tools, making real time reports, different from the warehouses where data is extracted and static. It also helps banks

Data has changed in a way that its speed and amount has greatly increased. In this new scenario, financial service firms must deal with continuous flow of data. They are used to deal with their internal and structured data, but much more unstructured data is generated from outside sources. Using new data-related technologies, these firms can gather useful insights that might lead to better business decisions. Though financial service firms could not completely recover from th