71% of the banking and financial firms reported that the use of information and analytics was creating a competitive advantage for their organization (Source)
PwC estimates that revenues from commercializing data will be up to $300 billion per year in the next three to five years across capital markets, commercial banking, consumer finance and banking, and insurance (Source)
Big data and analytics have transformed the financial services sector by making a data-driven decision-making approach possible for – improved customer insights and acquisition, more accurate credit scoring, automated risk management, easier and more comprehensive compliance, better security and resilience from cyber attacks, malware and hacks, and fraud prevention.
Inteliment has been working with several leading Financial Services companies, brining Data Innovation partnership 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%