Prescriptive Analytics in Banking

In a recent Crowe Horwath LLP webinar involving bank executives from a broad array of
organizations, most of the participants 63 percent of them said that they were interested in
moving beyond descriptive and diagnostic data studies. They also said that they were exploring
more advanced analytics or already implementing more advanced projects.

BIG DATA ANALYTICS

It goes without doubt that big data is clearly delivering significant value to users. Larger

enterprises are leading the way and getting results from big data with focused initiatives. Big Data

Analytics Solutions have the potential to be not just disruptive, but also potentially

transformational. The consensus is clear: big data brings disruption that can revolutionize

business. Successful big data companies are leveraging big data tools and big data technologies to

drive results across large, complex enterprises in many different industries.

Here is what organizations need to do before taking a plunge into Big Data Analytics Solutions for

Enterprise
Stay Updated

The big data ecosystem is constantly changing with emerging technologies. As a result, it is very

important to explore a broad range of technology options before rolling out a big data strategy

with a focus toward outcomes that can serve as key business differentiators.

Start, Iterate, Grow and Evolve

Focus on resources, take steps to add value in one area of the business first via a pilot program or

proof of concept. Build internal consensus and then grow big data programs organically.