Technology worldwide shows new horizons this year, causing firms to change how they work. Four key directions that will continue to make an impact in 2015 are listed below.
Big data is a complex set of information that is far too large to be handled on the likes of a standard database. It is being used in a variety of industries to target customers better, deal with the likes of risk management and making complicated predictions surrounding big business decisions.
This is particularly useful in financial services, where big data has become very prevalent. By making use of the insights and predictions that the data can throw up, employees of firms can make decisions that are based on risks, such as whether or not someone is credit worthy, and if a decision is likely to have a negative impact on the company.