These improvements are facilitated by big data technology.
By using big data technologies to provide centralized access to data, banks can employ analytics to obtain valuable insights and make informed decisions quickly and flexibly.
Uber, AirBnB, Google, Facebook, LinkedIn, Amazon, Apple are all revolutionizing various industries and driving unprecedented economic benefits by leveraging big data technologies.
In this paper, we investigated the current status of Internet finance and summarized five aspects of finance innovation that are enabled by Internet and big data technologies.
However, in today's networked world empowered by ICT and big data technologies, finance innovations not only deliver unprecedented benefits to our society but also spread financial risk or crises faster and more severe since most of the current regulatory framework is not ready for Internet finance (Hu et al. 2012; Tan 2014).
At the consumer level, while we are wowed by pretty visualizations, the real advancements in big data technologies cover (1) how data is structured and stored, (2) how it is organized and retrieved, and, most interesting to me, (3) how underlying mathematics can be written into algorithms to leverage the data and help discover entirely new things.
As the above scenario is a cost and benefit tradeoff, Big Data challenges can also be removed by some of the following "Big Data Handlers": Big Data technologies, natural technology evolution (e.g., Storage or Processing evolutions such as Moore's Law), or novel techniques (or new approaches).
This progress in database research in China is continually being pushed forward by the worldwide development of the area of big data technologies and applications.
Better big data technologies, like the telematic driving data collected by car companies or even information gathered from social media profiles, can help augment that risk profile.
Liberate and accelerate data by creating a data supply chain built on a hybrid technology environment — a data service platform combined with emerging big data technologies.
