Big Data and predictive analytics solutions are poised to optimize the value of data within the financial services sector. Banks, investment firms, insurance companies and other service providers are learning to leverage the value of data and gain competitive advantage, minimize costs, convert challenges to opportunities, and minimize risk in real-time. Research Beam Model: Research Beam Product ID: 132642 1995 USD New
Big Data in Financial Services Industry: Market Trends, Challenges, and Prospects 2014 - 2019
 
 

Big Data in Financial Services Industry: Market Trends, Challenges, and Prospects 2014 - 2019

  • Category : ICT & Media
  • Published On : October   2014
  • Pages : 93
  • Publisher : Mind Commerce
 
 
 

Overview:



Big Data and predictive analytics solutions are poised to optimize the value of data within the financial services sector.  Banks, investment firms, insurance companies and other service providers are learning to leverage the value of data and gain competitive advantage, minimize costs, convert challenges to opportunities, and minimize risk in real-time. 



Big Data technologies and related business intelligence solutions provide financial services firms with the capability to capture and analyze data, build predictive models, back-test and simulate scenarios.  Through iteration, firms will determine the most important variables and also key predictive models.



There is a huge opportunity for financial services firms to apply new data sets and new algorithms to optimize capital allocation, cash management, and currency processing.  The financial implications are manifest in improved capital flows and profitability for many firms within the ecosystem.



Big Data in Financial Services Industry: Market Trends, Challenges, and Prospects 2014 - 2019 evaluates Big Data prospects and opportunities within the financial services sector and answers the following key questions:




  • How is Big Data expected to impact the financial services industry?

  • What are the Big Data players financial management solutions and their impact?

  • What are the Big Data financial management models and how are they applied?

  • What are the near-term and long-term benefits to the financial services industry?

  • What are the specific challenges that the financial services industry faces with Big Data?



All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.



 Target Audience:




  • Big Data companies

  • Telecom service providers

  • Financial services companies

  • Regulatory and policy makers  

  • Data services and analytics companies

  • Cloud and telecom infrastructure providers



Report Benefits:




  • Big Data in financial services forecasting through 2019

  • Identify leading companies and solutions for financial sector

  • Understand the role and importance of Big Data in financial services

  • Recognize the future prospects for Big Data in financial services industry

  • Identify initial and ongoing implementation areas for Big Data and analytics



Companies in Report: 




  • 1010DATA          

  • 10GEN

  • ACTIAN               

  • ALTERYX              

  • AMAZON            

  • ATTIVIO

  • BMC

  • BOOZ ALLEN HAMILTON

  • CAPGEMINI       

  • CISCO SYSTEMS

  • CLOUDERA         

  • CSC

  • DELL

  • EMC

  • FUSION-IO

  • GOODDATA       

  • GOOGLE             

  • GUAVUS             

  • HITACHI

  • HP

  • IBM

  • INFORMATICA

  • INTEL    

  • MARKLOGIC       

  • MICROSOFT

  • MU SIGMA

  • NETAPP

  • OPERA SOLUTIONS

  • ORACLE

  • PARACCEL

  • QLIKTECH

  • SAP

  • SGI        

  • SPLUNK

  • TERADATA

  • TIBCO SOFTWARE

  • VMWARE 


Table of Contents:



1.0 EXECUTIVE SUMMARY  9



2.0 BIG DATA IN FINANCIAL SERVICES  12



2.1 FINANCIAL SERVICES INDUSTRY  12



2.2 FINANCIAL SERVICES: AN INDUSTRY IN TRANSFORMATION 12



2.3 ROLE OF BIG DATA IN FINANCIAL SERVICES 13



2.4 BIG DATA TO BECOME ESSENTIAL COMPONENT FOR FINANCIAL SERVICE SECTOR 14



2.5 A THREE-WAY BIG DATA APPROACH TOWARDS FINANCIAL SERVICES 15



2.5.1 INFORMATION BASED SORTING 16



2.5.2 INFORMATION BASED BROKERING 16



2.5.3 INFORMATION BASED DELIVERY 16



2.6 STEPS FOR BIG DATA FUNCTIONING IN FINANCIAL SERVICES 17



2.6.1 DATA ACQUISITION, COLLECTION AND DETECTION 18



2.6.2 DATA MANAGEMENT AND INTEGRATION   18



2.6.3 DATA ANALYSIS  19



2.7 BIG DATA AS COMPETITIVE DIFFERENTIATOR FOR FINANCIAL SERVICES 19



2.8 FINANCIAL BIG DATA MANAGEMENT: REFERENCE DATA 21



2.9 FUTURE OF BIG DATA IN FINANCIAL SECTOR  23



3.0 BIG DATA INITIATIVES OF FINANCIAL SERVICES PROVIDERS 24



3.1 CURRENT STAGE OF THE BIG DATA IMPLEMENTATION IN FINANCIAL SERVICES  24



3.1.1 FINANCIAL SERVICE PROVIDER BIG DATA INITIATIVES 24



3.2 TOP BIG DATA INITIATIVES IN FINANCIAL SERVICES SECTOR   25



3.2.1 PROVIDE REAL-TIME RESPONSE TO CONSUMER QUERIES  25



3.2.2 ASSESS CUSTOMER BEHAVIORAL AND TENDENCY DATA USING PREDICTIVE ANALYTICS  26



3.2.3 MEASURE CUSTOMER SENTIMENTS AND TAKE APPROPRIATE ACTION 27



3.2.4 MASS CUSTOMIZATION DATA REMODELING 27



3.2.5 BIG DATA FOR BIG REVENUE 28



3.2.6 BIG DATA FOR PREDICTING FRAUD AND OTHER FINANCIAL CRIMES 28



4.0 BIG DATA IN FINANCIAL SERVICES: GLOBAL MARKETS 2014 - 2019 31



4.1 THE GLOBAL BIG DATA MARKET  31



4.1.1 THE UNSTRUCTURED DATA MARKET  32



4.1.2 THE THIRD PLATFORM PERSPECTIVE   33



4.1.3 DATA PROCESS MAGNITUDE 34



4.1.4 TOWARDS THE ZETTABYTES MARKET  34



4.1.5 GLOBAL MARKETS FOR BIG DATA 2014 - 2019 35



4.1.6 DATA ANALYTICS IS THE BATTLEGROUND FOR COMPETITION 38



4.2 LEARNING FROM BIG DATA IN FINANCIAL SERVICES SECTOR IN 2013  39



4.3 GLOBAL MARKET FOR BIG DATA IN FINANCIAL SECTOR 2014 - 2019 40



4.4 FOCUS AREAS FOR FINANCIAL SERVICES SECTOR INVESTMENT 2014 - 2019  41



5.0 COMPANIES AND SOLUTIONS 43



6.1 BIG DATA FINANCIAL MANAGEMENT SOLUTIONS   45



6.2 COMPANIES AND SOLUTIONS 45



6.2.1 1010DATA  45



6.2.2 10GEN  46



6.2.3 ACTIAN  48



6.2.4 ALTERYX 49



6.2.5 AMAZON 50



6.2.6 ATTIVIO 52



6.2.7 BOOZ ALLEN HAMILTON 53



6.2.8 CAPGEMINI   54



6.2.9 CISCO SYSTEMS  55



6.2.10 CLOUDERA 56



6.2.11 CSC   58



6.2.12 DELL  59



6.2.13 EMC  61



6.2.14 FUSION-IO 62



6.2.15 GOODDATA   63



6.2.16 GOOGLE  64



6.2.17 GUAVUS  65



6.2.18 HP 66



6.2.19 HITACHI 67



6.2.20 IBM   69



6.2.21 INFORMATICA  70



6.2.22 INTEL  71



6.2.23 MARKLOGIC  73



6.2.24 MICROSOFT  73



6.2.25 MU SIGMA 75



6.2.26 NETAPP  77



6.2.27 OPERA SOLUTIONS 78



6.2.28 ORACLE  79



6.2.29 PARACCEL  80



6.2.30 QLIKTECH   81



6.2.31 SAP   82



6.2.32 SGI 83



6.2.33 SPLUNK  84



6.2.34 TERADATA 86



6.2.35 TIBCO SOFTWARE   89



6.2.36 VMWARE   90



7.0 CONCLUSIONS AND RECOMMENDATIONS  92



Figures



Figure 1: Big Data Approaches for Financial Services 15



Figure 2: Big Data Functional Levels 18



Figure 3: Big Data as Competitive Differentiator for Financial Services 20



Figure 4: Financial Big data Management Paradigm  22



Figure 5: Big Data for Predicting Financial Crimes  29



Figure 6: Big Data Paradigm 32



Figure 7: Migration Process of Platform Technology 33



Figure 8: Data Universe Zettabytes Generation 2013 - 2020 35



Figure 9: Global Big Data Market Forecast 2014 - 2019  36



Figure 10: Global Big Data Markets by H/W, S/W, and Services 2014 - 2019   38



Figure 11: Big Data in Financial Services by Components 2014 - 2019 42



Figure 12: Big Data Revenue Share by Vendor Solutions 43



Figure 13: Hadoop and NoSQL Vendor Revenue Share 44



 Tables



Table 1: Global Big Data Market 2014 - 2019 35



Table 2: Global Big Data Markets by Components  37



Table 3: Global Markets for Big Data in Financial Sector   40



Table 4: 1010data Big Data Financial Management Solutions 46



Table 5: 10gen Big Data Financial Management Solutions 47



Table 6: Actian Big Data Financial Management Solutions 49



Table 7: Alteryx Big Data Financial Management Solutions 50



Table 8: Amazon Big Data Financial Management Solutions  51



Table 9: Attiivio Big Data Financial Management Solutions 52



Table: 10 Booz Allen Hamilton Big Data Financial Management Solutions  54



Table 11: Capgemini Big Data Financial Management Solutions 55



Table 12: Cisco Big Data Financial Management Solutions 56



Table 13: Cloudera Big Data Financial Management Solutions  57



Table 14: CSC Big Data Financial Management Solutions 58



Table 15: Dell Big Data Financial Management Solutions 60



Table 16: EMC Big Data Financial Management Solutions  61



Table 17: Fusion-IO Big Data Financial Management Solutions  63



Table 18: GoodData Big Data Financial Management Solutions 64



Table 19: Google Big Data Financial Management Solutions 65



Table 20: Guavus Big Data Financial Management Solutions 66



Table 21: HP Big Data Financial Management Solutions   67



Table 22: Hitachi Big Data Financial Management Solutions  68



Table 23: IBM Big Data Financial Management Solutions 70



Table 24: Informatica Big Data Financial Management Solutions  71



Table 25: Intel Big Data Financial Management Solutions  72



Table 26: MarkLogic Big Data Financial Management Solutions 73



Table 27: Microsoft Big Data Financial Management Solutions  75



Table 28: Mu Sigma Big Data Platforms   76



Table 29: MuSigma Big Data Financial Management Solutions 77



Table 30: NetApp Big Data Financial Management Solutions 78



Table 31: Opera Solutions Big Data Financial Management Solutions 79



Table 32: Oracle Big Data Financial Management Solutions   80



Table 33: ParAccel Big Data Financial Management Solutions   81



Table 34: Qlick Tech Big Data Financial Management Solutions  82



Table 35: SAP Big Data Financial Management Solutions 83



Table 36: SGI Big Data Financial Management Solutions  84



Table 37: Splunk Big Data Financial Management Solutions  86



Table 38: Teradata Big Data Financial Management Solutions  88



Table 39: Tibco Software Big Data Financial Management Solutions  90



Table 40: VMware Big Data Financial Management Solutions  91



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