‘Big Data’ holds big promise for Wall Street (and everyone else), but also comes with some complications and steep learning curve and a very tight labor market for people with these skills.
There are a lot of lessons that can be transferred from Wall Street firms into other industries. Of course the subject matter is going to be different, but the methods used to pull actionable outcomes or architect a technology solution are not all that different. The challenge we see a lot of companies facing is how to get started down an analytical path. This is a daunting task since all of the talk in the industry is around functionality and feature sets Learn More. The tools available are very capable, but are generally racing ahead of the buyer’s ability to internalize the changes the tools and metrics recommend.