Japan Unconvinced of Big Data’s Potential
Firms still waiting for 'eureka' moment on Big Data's value in capital markets.
“Perhaps the only way to find out [the potential of Big Data] is to develop metrics, define what your Big Data goals are, and be ready to switch to new products and tools to meet those requirements,” said David Benelli, head of Asia-Pacific portfolio analytics at BlackRock.
As well as defining Big Data goals, firms must be to adequately equipped to carry out Big Data analysis, which includes creating a centralized repository for market data, trade data, reference data and internal datasets, said
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