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Essay / Banking Industry Essay - 707
Banks usually use this information to promote and learn better ways of providing their services, with this knowledge banks can provide their customers with superior service that can be considered to be tailor-made. each bank. Being able to obtain and work with this type of information will not be so simple, but Big Data definitely offers banks the opportunity to operate more profitably (Martin 2015). The adoption of Big Data can also help the banking industry by saving it from many embarrassments resulting from the increase in the number of customers, which requires banks to improve their performance. As stated earlier, banks are entrusted with a lot of information and this information must be secure and must be accessible quickly and in a timely manner. Using a normal small database will not be enough to do this and if banks do not adopt the use of Big Data, they could start experiencing failures in their system. Another way in which big data affects the banking sector is in the area of timing, the use of big data helps banks to complete their operations on time without any problem.