Pros and cons as firms go big on data

Panellists:

Moderator: Amit Roy Choudhury, technology editor, The Business Times

BIG Data and analytics, combined with on-the-go technologies such as social, mobile and cloud, collectively called SoMoClo, are giving financial institutions an unprecedented amount of data on its customers. This has presented a great opportunity for innovation in products and services. However, if implementation of new systems to take advantage of this is not done right then problems can arise. To understand the issue involved, BizIT brought together a group of industry specialists to discuss the opportunities, as well as pitfalls for the financial sector.

Amit Roy Choudhury: Technology has become the central nervous system of a company and the health of the business depends on the robustness of its IT. This is particularly so for the financi…