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Big Data: Why It's Banking's Mission- critical Component

Big Data: Why It's Banking's Mission- critical Component

Pages 1 Pages

The document emphasizes the growing importance of big data in banking, highlighting challenges like regulatory compliance, cybersecurity risks, and talent shortages. It discusses how AI, machine learning, and omnichannel innovation are transforming the banking sector. The report also focuses on improving customer experience, enhancing sales conversions, and driving digital transformation. Key solutions include automating testing, improving data quality, and using data-driven insights to predict customer behavior, identify fraud risks, and streamline business processes.

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