Trifacta, the global leader in data wrangling, says strong growth in Europe has given it a substantial foothold in Europe’s financial services industry.
Financial services and insurance companies have been among the first to recognise the importance and value of transforming their data assets. These companies are embarking on data initiatives to innovate within their business and to improve customer intelligence, while at the same time reducing risk, addressing fraud and managing increasingly complex regulatory requirements.
While leveraging data offers huge potential to enterprises, today’s analysts face many hurdles, including the increasing volume and variety of data sources. In addressing these challenges, data analysts can spend as much as 80% of their time sifting through the data, to clean, structure and blend it in order to produce actionable insights.
“The financial services industry is under increasing competitive and regulatory pressure, particularly in Europe. Banks and insurance companies generate massive quantities of data. Dealing with this appropriately is complex and often time-consuming, Trifacta empowers analysts to wrangle the data to drive their business and compliance needs,” summarises Jeremy Perlman, VP Europe, Trifacta.
Contributed | what does this mean?