NAFIS 2015: Cloud Key to Unlocking the Power of Big Data Analytics

Cloud could make it easier to perform high-volume Big Data exercises, panelists suggest.

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As Big Data technologies have become more widely available, analytics have transformed from descriptive (i.e. X happened), to predictive (i.e. X will happen) and most recently to prescriptive (i.e. If X happens then do Y), said Tarundeep Dhot, director of advanced analytics at CIBC, whose firm adopted Big Data technology two years ago.

"A lot of these advanced analytics were available to us before, but we didn't have the hardware to support them. The time it takes to make a decision based on dat

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