Financial Services today is an umbrella that covers everything from bank loans to insurance services. There are so many functions involved in the financial services sector that it is easy to lose count. In technical terms, financial services are the economic services provided by the finance industry, which encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, accountancy companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.
Big data has revolutionized the way we solve our many problems. It has completely changed the world’s perception of people and things. With the availability of precise and thorough information, making decisions has become easy. The magic of Big Data has spread everywhere. All possible applications of data analytics have been studied. Newer and better uses of big data are being discovered daily.
Data are now woven into every sector and function in the global economy. These days all work is becoming “data-informed” or “data-driven.” Big data enables better demographic insight into how products and services are used by enterprise and competitors.
The presence of big data analysis has revolutionized the way industries operate. It is no wonder then that the real estate sector is also affected. Big data gives the ability to shift from expense to opportunity.