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While the rest of the sector innovated, expanded and collapsed, retail banking has been staid and reliable.Now an upheaval is coming, driven by technological changes the growth of internet usage on smartphones, the rise of "big data" computer processing and the increasing willingness of customers to do complicated things online.
"We improve the experience in big data computer networks.
CalPERS claims to have turned to "big data" computer models algorithms to understand private equity costs.
Less so on the recognition that markets that have become networks of computers need a stronger dose of "big data" computer science.
Twenty years ago, when companies first started dabbling with big data, computer processors could only handle basic information to answer simple questions.
To harness the wave of innovation in areas like big data, computer vision, cyber security and digital health taking over Israel, GE Digital recently established a both cyber lab and startup program for its industrial software platform Predix.
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But thanks to the exponential rise in processing power and the ubiquity of digitised information ("big data"), computers are increasingly able to perform complicated tasks more cheaply and effectively than people.
In the age of big data, computers will be monitoring more things, making more decisions and even automatically improving their own processes and man will be left with the same challenges he has always faced.
They provide a forum for sharing progresses in the areas of image processing technology; image analysis and understanding; computer vision and pattern recognition; big data mining, computer graphics and VR; as well as image technology applications.
The challenge of dealing with "really big data" and computer simulations at the LHC has been addressed by Margaret Morrison from the University of Toronto.
With the help of big data, cognitive computer systems can detect hidden patterns and have become capable of learning, like humans.
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