Data analytics makes new working methods for banks

Abstract EN

The new analytical power is seen as an opportunity to invent and explore new methods that are able to detect correlations between the quantities of available data.

Analytics methods are used in various fields such as banking, marketing, retail, healthcare, and more.

The new analytics methods use the application of different algorithms to extract models, recognize patterns, and determine future possible values.

Banks and financial institutions are actively seeking ways to make the most of big data which, including the application of analytical techniques to existing methods.

The research focuses on evaluating the effect of analytics on the banking sector.

The goal is to provide a thorough understanding of the analytical capacity, the design and development process of which is a key component that is changing the way financial organizations operate.