Gartner Research

Big Data and Agility Demands Threaten to Overwhelm Financial Institutions

Published: 17 November 2011

ID: G00226226

Analyst(s): Mary Knox

Summary

Big data and increased data agility demands threaten to overwhelm financial services data management initiatives. To preserve improvements in data accessibility and quality, and to capitalize on big data's opportunities, requires an examination of the assumptions underlying current practices.

Table Of Contents
  • Overview

Analysis

  • Introduction
  • "Big Data" Defined
    • The Nature of Big Data
    • Value of Big Data
  • Data Agility
    • Changing Requirements for Data Agility
    • Big Data's Impact on the Achievement of Data Agility
  • Common Industry Data Management Practices
    • The Nature of Best Practices
    • The State of Data Management Practices and Initiatives in the Financial Services Industry
  • Unexamined Assumptions Underlie Many Industry Data Management Practices
    • Underlying Assumptions
    • Commonly Found Underlying Assumptions
  • The Imperative: Modifying Data Management Practices Based on an Evaluation of Underlying Assumptions

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