At the start of 2012, Big Data was identified as one of the 10 critical issues that would shape Wall Street by Wall Street & Technology. The financial industry has been trying to figure out how to efficiently and effectively leverage data for decades but regulation changes are forcing financial entities to focus on it now more than ever.
Unstructured data is critical as institutions make day-to-day business decisions. In the financial world, the difference between getting news as-it-happens as opposed to hours later can be millions of dollars. By harnessing the power of near real-time data, financial institutions can automatically monitor the Deep Web for news, press releases, SEC filings, or other online updates about companies of interest.
