Big data and cloud computing are two of the biggest trends in many organizations. How do they apply to financial services—and more specifically, to capital markets?
Last year, I spoke about cloud computing. It was a hot trend then, and it still is now. Today, another buzzword is big data.
Big data, as it sounds, is lots and lots of data—inside your business, on the Internet, in the news. It’s information you want to be able to harness, categorize and integrate into your decision-making process. And that’s where cloud computing comes in. You can use the cloud as receptors for all of that data, whether that’s your own cloud, a private cloud or with a cloud provider.
In that respect, cloud computing and big data are closely tied. What do you think? How else can these two technologies work together?