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The Force Awakens: Data Science in Banking

Anju Patwardhan, Global Chief Innovation Officer, Standard Chartered | March 1, 2016
A quiet revolution powered by the force of data science has begun to deliver significant improvements in many areas including national security, business intelligence, law enforcement, financial analysis, healthcare and disaster preparedness. But are we ready to use the force in banking?

Selectively and smartly applying new types of advanced data correlation and visualisation techniques and collaborating with the right partners - such as universities and other organisations that conduct multi-disciplinary research in this area - can open up brand new opportunities for banks.

To maintain their competitive edge, banks will need to actively identify the components of the Big Data trend that are the right fit for advancing their businesses. A lot - but not all - of these will prove transformational, changing the face of banking as we know it.


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