The financial services industry has a long history of using and acting on data quickly. But in today’s digital world, where decisions on everything from creditworthiness to dynamic pricing need to be made in under a second, businesses increasingly have to be able to perform complex analytics using vast quantities of data in real time. “We live in a right now world,” says Danny Bedgood, Global Vice President of Industry Solutions at Aerospike, a leader in real-time data solutions. “You need to be able to ingest millions of data transactions, billions of objects, to make decisions from, and you have to do this at petabyte scale to make the right decision in the right moment.”
Read the full article at the Wall Street Journal.