An increasingly common theme in financial technology is how advancements are moving so fast that processes, hardware and software that worked so well are quickly being replaced – and create a competitive disadvantage for firms that fail to keep up. This is particularly true with "big data" and batch reporting processes. In a report out Tuesday, TABB Group notes how “technology has moved on again,” as new technology is creating competitive market advantages while displacing expensive systems and processes that were recently installed. Where once sub-second “real time” analysis was a competitive advantage now the definition of “real time” has changed.
Big data - Batch processing is yesterday's technology
The wholesale financial services industry, including buy- and sell-side firm as...
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