Big data is a term used to describe a very large collection of data. This massive amount of data can be managed and analyzed to find patterns or trends, especially in relation to customer interactions and actions.
In the banking industry, companies have very large and complex data sets, such that traditional data processing applications are unable to produce quality data analysis.
Very large and complex data sets store a lot of information and knowledge that can be used if managed properly. Big data analysisdue to the speed in monitoring economic activities, it can provide very useful information.
How important is its implementation? Big data analysis In the banking industry?
The future of the banking industry is determined by their ability to manage or analyze data into something of value and better production Business results . Why is that? Decisions made based on the results of data analysis can provide various benefits to the banking industry, including:
Observe customer behavior and provide a better customer experience.
Companies can use the data to create more personalized communication strategies Financial experiences Based on the behavior and preferences of each customer. . Data can be processed as one of the most useful resources for companies to improve the quality of customer experience and can be further monitored and analyzed for further business development.
Improve service quality in the future
by using Big data analysis, data can be processed as a very useful resource to improve the quality of banking services to its customers. Application Big data analysis It gives the banking industry the ability to create more scalable and faster innovations to improve service quality in the future.
improving risk management
Big data analysis It can increase success risk management In the banking industry, data can be used as a basis for measuring bank performance and more accurately assessing the level of risk. Therefore, Big data analysis It helps the banking industry to recognize the possibility Fraudprovides wider risk coverage, has a more accurate prediction system, so that it can measure the level of risk quickly.
solution Big data analysis For the banking industry
particle for direct object Big data analysis Teradata Vantage is for the banking industry. Teradata Vantage is a data processing platform capable of unifying and analyzing different types of data.
What are the benefits and features offered by Teradata Vantage?
Platform with a good level of scalability
To adapt to the needs of a business that continues to grow, you need to have a platform with a good level of scalability. With Teradata Vantage, you don’t have to worry about how much data you have and how much data you’ll have in the future. Teradata Vantage is able to handle unlimited amounts of data without affecting the quality of its performance.
Better analytical results using artificial intelligence and Learning the machine
Teradata Vantage is powered by AI and Learning the machine To produce better, faster and quality analysis results.
Teradata Vantage’s “Pay as you go“
The payment plan comes with the flexibility of payment plans that provide benefits to the users. Users only have to pay for what they need, thus providing efficient profits for the company.
Empower all employees with data
With Teradata Vantage, users can access and use existing data without having to learn complex programming languages or tools.
With the various benefits and facilities offered by Teradata Vantage, the banking industry better understands its business needs, from internal company needs, customer service to optimizing the company’s operating costs. acceptance of Great information It provides a unique value for the development and growth of this company’s business in the banking industry.
acceptance of Great information It is not only limited to the banking industry. Telecom industry, government and others can also take advantage of this Great information To support the company’s future development