The Truth About Data in the Financial Sector

LONDON, June 4, 2014 /PRNewswire/ --

Today over 75% of financial service companies are planning to invest in some form of data strategy to improve customer transactions, financial performance, market and investments. However, many companies are concerned about their ability to lay out the right foundations for data and turning them into insightful information that they can act upon.    

Following these results, Ashly Hirst, Head of Science from EMEA, Americas and Global Distribution, AIG from the upcoming Data and Analytics for Financial Services Summit- mentioned that 'Big data can reach beyond the obvious probabilistic decision making processes, and instead drive a true end to end redesign of processes in the business. This might mean simultaneously addressing our distribution network, capacity planning, work prioritisation and decision making - all with a unified approach.'

With today's competitive market, business leaders are keen to discover the truth about data in the financial sector in order to become better decision makers, act faster and gain maximum outcome benefits from their data strategy. Download the 'Truth about the Big Data in the Financial Service' to find out how you can benchmark your data strategy with some of the industry leaders here http://www.bigdatafs/truedata.

Asly Hirst and other industry experts including Carol Clarke, Head of Product Analytics and Remediation fromRBS and George Soulellis, Managing Director, Decision Management fromBarclays will be speaking more detail at the Data and Analytics for Financial Services Summit (1-3^rd July, 2014) in London. Hear these key speakers discuss innovative techniques to manage data intelligence and how to maximise analytics to develop customer insight that the financial sector requires. To find out more information on the agenda, speaker list and registration form visit http://www.bigdatafs.com/news, call +44(0)20-7036-1300 or email [email protected].

SOURCE Process Excellence Network