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Data Science for Finance: Benefits, Applications, Examples

Knowledge Hut

It uses complex machine learning algorithms to build meaningful and structured data. Data Science can be described as a domain that applies advanced analytics, statistics and scientific principle for extracting valuable information and deriving valuable conclusions from structured or unstructured data.

Finance 93
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Hadoop Use Cases

ProjectPro

These days we notice that many banks compile separate data warehouses into a single repository backed by Hadoop for quick and easy analysis. Hadoop clusters are used by banks to create more accurate risk analysis models for the customers in its portfolio. Hadoop allows us to store data that we never stored before.

Hadoop 40
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How JPMorgan uses Hadoop to leverage Big Data Analytics?

ProjectPro

Large commercial banks like JPMorgan have millions of customers but can now operate effectively-thanks to big data analytics leveraged on increasing number of unstructured and structured data sets using the open source framework - Hadoop. JP Morgan has massive amounts of data on what its customers spend and earn.

Hadoop 52
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5 Big Data Use Cases- How Companies Use Big Data

ProjectPro

Companies like Electronic Arts, Riot Games are using big data for keeping a track of game play which helps predict performance of the play by analysing 4TB of operational logs and 500GB of structured data. Sports brands like ESPN have also got on to the big data bandwagon.

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20+ Data Engineering Projects for Beginners with Source Code

ProjectPro

Thus, as a learner, your goal should be to work on projects that help you explore structured and unstructured data in different formats. Data Warehousing: Data warehousing utilizes and builds a warehouse for storing data. A data engineer interacts with this warehouse almost on an everyday basis.

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Top 10 Industries using Big Data and 121 companies who hire Hadoop Developers

ProjectPro

In 2015, big data has evolved beyond the hype. 87% of companies using big data believe that within next 3 years big data analytics will redefine the competitive landscape of various industries. Work on Interesting Big Data and Hadoop Projects to build an impressive project portfolio! How big data helps businesses?

Hadoop 40