How Financial Services Companies Are Striving Through The Data Age

With experience in account management, corporate account management, and regional sales direct, he is leading the firm.

- Jyoti Prakash

With the advent of the Data Age, the digital transformation journey of organizations over the last two decades has now taken a new turn. As we understand, there is no fixed definition for Data Age, however, it is safe to call it the evolution of data becoming a core enabler for decision making in every department of every business.

Unfortunately, the majority of organizations are not ready to face the Data Age. The overwhelming rate at which data is being generated has left organizations in a vulnerable state, as they are unable to exploit the potential that data offers. A recent research revealed that only 14 percent of IT and business managers are prepared for the imminent wave of new data. Moreover, a whopping 86 percent of business leaders have shared that their businesses are unprepared for the Data Age.

Preparing to embrace new data sources