THE FUTURE OF
Various technologies employing Data
Science are going to lead to a
hollowing out of the field where many
tasks are much easier (executed
perhaps by the CFO’s administrative
assistant) and others will require more
mathematical, technical, and people
The changes will be so profound that
they will blur traditional lines
between Finance and Accounting and
WHY FINANCIAL INSTITUTIONS NEED DATA SCIENTISTS?
Data science is the
secret to success for
with opportunities to
business results on a
systematic basis and
Most of the large US-based
financial institutions are using
data science algorithms to
understand customers in a better
way by analyzing different
channels customers use - such as
ATM’s, offline bank branches,
Banks will increasingly
depend on data scientists
for regulatory compliance,
operational efficiency and
Add great value
Reduces the bottom
Data science can add great value to
financial institutions by helping
them find attributes and patterns
which have increased probability
All the transaction records go
through a decision management
process where various Behavioural
Scoring Techniques are applied to
find out whether to float a check
and for how long.
Data science helps banks build a
360 view of its customer by
aggregating cross-lob and external
third party data that helps
financial institutions serve their
customer in their preferred way.
Data science is going to have a great impact on banking. The same
can be said for Finance, Health Care, or Big Pharma.
Most businesses have recognized the significance of Data Science.
The need for Data Scientists has grown exponentially to the point
that they’re getting rather hard to come by in this economy.
AI use cases in finance could help assure that the banking
institution increases the likelihood of keeping a good customer,
and reduces the chance of significant loss due to bankruptcy.
THAT ENDS THE
w w w . s l i d e s h a r e . n e t / T y r o n e S y s t e m s
S U B S C R I B E
N O W !