In recent years, financial providers have looked for ways to leverage the power of Big Data by implementing new digital ecosystems intended to take advantage of increased data volume. Unfortunately, many of these projects have produced lackluster returns, if not outright failure. This report analyzes why Big Data projects in the financial services sector are often less successful than intended, and what wealth managers can do to ensure that their Big Data initiatives stand a better chance of success. The report and profiles a group of 30 vendors who cater to a range of Big Data needs of wealth managers. And presents five case studies and learning points on how the main Big Data needs are addressed in different industries.
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