Join the Financial Times and IHS Markit at The Data and Disruptive Technology Forum to explore how firms can use technology to collect, harness and analyse data, and discuss how this will ultimately position them as the technology leaders of tomorrow.
The digitisation of data and development of new technology are opening up opportunities across all industries. Mobile phones are location beacons, social media commentary has become a political indicator and every card payment is now a digital breadcrumb. The volume of data in the world is growing by 60% every year – and for financial services in particular, the effective handling of data will be central to future business strategy.
Financial services firms are already spending more on digital innovation than the cross-industry average. Insights gleaned from data allow firms to make better strategic decisions, fulfill regulatory requirements and develop industry-wide solutions that address the needs of their customers. By leveraging the cloud, machine learning, artificial intelligence and other innovations, financial firms will not only be able to manage their traditional data alongside alternative datasets -- but also have the potential to become the new technology leaders.
But what obstacles still stand in the way? Cutting-edge innovations are one of the causes of the exponential growth in data volume. How can new, innovative technology now be deployed to handle this information and draw business-critical insight from it?