NAFIS 2017: Firms Dip Their Toes into Data Lakes for Analytics

Panelists at the North American Financial Information Summit described the transformative potential of “data lakes” for supporting firms’ ever-increasing analytics and alternative data storage requirements. Joanne Faulkner reports.

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Data warehouses in firms today have traditionally grown within business silos, or may have come from acquisitions, said Thomas Angelo, digital collaboration services director at BNY Mellon, speaking on a panel at the North American Financial Information Summit held in New York on May 24. “The problem is, they’re very difficult to scale. If you want to add a new business to a warehouse, it’s difficult to add [because that warehouse is typically] a best-of-breed developed for one solution. But to

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