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2012 is certainly the year that Big Data has hit the mainstream and it’s not showing any signs of just being a passing fad, which throws up quite the challenge for the FS sector. The challenge is intensified when you consider that traditional BI solutions,
even when taking a federated approach, have failed to tame it. However, the advent of cloud technology in particular, and its convergence with BI, really does offer the opportunity to get to grips with their data, which is fundamental to any programme, whether
governance, risk or compliance. With these advantages, a financial institution does not have to worry about the technology failing to deliver in times of heightened scrutiny. Cloud BI scales more effectively both vertically and horizontally and the cost and
scale advantages it can offer computing infrastructures enables organisations to both manage and extract value from their Big Data.
22 Aug 2012