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August 2013

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Learn How Financial Services Firms Can Reap Big Rewards from Big Data

Big data is impacting organizations in all market sectors, but nowhere are the opportunities—and challenges—greater than among financial services institutions.

Key challenges include the need to gain insights from both structured and unstructured data. Adding to the management complexity is the explosive growth of data, which is putting unprecedented pressure on the computing resources that firms dedicate to producing timely and actionable insights.

Oracle is well-positioned to meet the big data needs of banks and other financial institutions, as the white paper “Initial Steps on the Journey Through Big Data for Financial Services Institutions” explains.

Oracle’s solutions for managing big data in the financial services industry include storage and servers, virtual machines, operating systems, databases, middleware, and applications. With this comprehensive portfolio, financial services institutions can address big data by

  • Taking advantage of Apache’s Hadoop and Hive to significantly decrease computing time for large data volumes
  • Using distributed data grids coupled with the latest processing strategies to avoid having to transform unstructured data to a structured format for easy analysis
  • Eliminating the need to predefine analytics requirements, which facilitates data discovery and ad hoc data analysis
  • Enabling real-time computing to analyze large amounts of data, which can reduce fraud and facilitate regulatory compliance

For more details, download the white paper “Initial Steps on the Journey Through Big Data for Financial Services Institutions” and get more information about Oracle’s suite of financial services solutions.

Also, attend Big Data in Financial Services, a special industry-specific session at the upcoming Oracle OpenWorld, being held from September 22 to 26 in San Francisco, California. The presentation explains how Oracle’s financial services analytical applications are incorporating big data technologies, and highlights use cases and relevant architectures. View session schedules and register for Oracle OpenWorld.

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