The Force Awakens: Data Science in Banking

Anju Patwardhan, Global Chief Innovation Officer, Standard Chartered | March 1, 2016 A quiet revolution powered by the force of data science has begun to deliver significant improvements in many areas including national security, business intelligence, law enforcement, financial analysis, healthcare and disaster preparedness. But are we ready to use the force in banking? This vendor-written piece has been edited by Executive Networks Media to eliminate product promotion, but readers should note it will likely favour the submitter’s approach. Digital data has snowballed, with the proliferation of the internet, smartphones and other devices. Companies and governments alike recognise the massive potential in using this information – also known as Big Data – to drive real value for customers, and improve efficiency. Big Data could transform businesses and economies, but the real game…

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