IDC predicts that the worldwide revenues for big data & business analytics will grow to more than $203 billion in 2020 and banking will see the fastest spending growth (Source)
By deploying an analytics solution, US Bank improved its lead conversion rate by over 100%.
This is the age of digital banking. The primary focus of banks using big data and analytics is on customer analytics. Apart from that, the banking industry also relies on business analytics in other areas like detecting fraud, identifying risk, applying credit restrictions, making loyalty programs successful, ensuring regulatory compliance, setting regulations, real-time reporting, and also for tracking internal performance.
Inteliment bring a Data Innovation partnership to Banking companies that combine our Business & Technology Solutions, Partner Eco-system, Decade long Proven Track Record of Customer Success and Execution Capability to deliver you an assured Business Value.
According to McKinsey Global Institute, widespread adoption of Big Data Analytics could increase GDP of manufacturers and retailers by $325b, by 2020.
For 2020, the installed base of Internet of Things devices is forecast to grow to almost 31 billion worldwide. By 2020, there will be 50 billion+ connected devices
A recent Gartner survey showed that 59% of organizations are still gathering information to build their AI strategies, while the remainder have already made progress
Global spending on the business intelligence (BI) and analytics software is forecast to reach $22.8 billion by 2020 if it continues the present CAGR of 7.5%