Gartner Research

What Bank CIOs Need to Know to Realize Big Data's Untapped Potential

Published: 09 March 2015

ID: G00275234

Analyst(s): Mary Knox , Ethan Wang

Summary

A Gartner survey shows that banks are increasing their investments in big data, but lag behind in the use of social, location context and other types of unstructured data. Bank CIOs must extend their analytics capabilities to use this data or risk falling behind forward-looking competitors.

Table Of Contents

Survey Objective

Data Insights

  • What Banks Need to Learn About Big Data From the Gartner Survey
    • Survey Finding No. 1: Banks Are Increasing Their Investments in Big Data, but Lag Behind Some Other Industries
    • Survey Finding No. 2: Banks Are Typically Analyzing Transactions and Logs, but Not Social and Location Context
    • Survey Finding No. 3: Banks Are Capturing Big Data, but Need to Extend Their Portfolio of Analytics Capabilities
  • Looking Forward: Enhanced Customer Experience and Contextualized Offering
  • Methodology
  • Definitions
    • Definition of Big Data

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