In the financial services industry,Big Data can be used to improve
A)regulatory oversight.
B)decision making.
C)customer service.
D)both A & B.

Question

Quizplus · Accepted Answer

Big Data can be used to improve both regulatory oversight and decision making in the financial services industry. Through the analysis of large volumes of data, regulatory bodies can identify potential risks and fraud more efficiently. On the other hand, financial institutions can leverage Big Data to make more informed decisions about investments, pricing, and risk management, ultimately leading to better outcomes for customers. Additionally, by analyzing customer data, financial companies can improve their customer service and create customized solutions to meet individual needs.

In the Financial Services Industry,Big Data Can Be Used to Improve