SAN CARLOS, Calif — January 19, 2012 — With the power to improve operational efficiencies, reduce costs, and create new revenue streams, Big Data is impacting the financial industry in a big way. MarkLogic® Corporation, the company powering mission-critical Big Data Applications around the world, today announced that it will host a free webinar with Sean O’Dowd, research manager, IDC Financial Insights, to discuss key issues affecting the financial sector in 2012. The webinar, “Cure Your Top 3 Big Data Headaches” will take place on Tuesday, January 24th at 8:00 a.m. (PT)/11:00 a.m. (ET). For more information or to register for this webinar, please visit the MarkLogic website.
The explosive velocity, complexity, variety, and volume of data – combined with a need to manage risk, generate new products, and reduce operating costs – have resulted in significant Big Data challenges in the financial sector. In this webinar, O’Dowd will share IDC Financial Insights predictions for Big Data and discuss how it is affecting trades, reporting, and customer on-boarding functions. Lee Pollington, principal consultant, MarkLogic, will discuss how the financial sector can improve time to market for new products, build a critical bridge between multiple data systems, and handle huge volumes of trade transactions.
“Companies in the financial sector have a major opportunity with Big Data Applications,” said Ken Bado, CEO, MarkLogic. “The financial sector constantly faces complex data challenges, including fast changing regulations and complicated financial instruments. Big Data Applications enable these organizations to increase insight into risk, reduce processing costs, and meet strict regulatory deadlines. These benefits can generate billions of dollars in increased revenue and reduced costs, and MarkLogic is already powering these kinds of applications today.”
As research manager, O’Dowd leads IDC Financial Insights’ Global Securities and Investment Management Advisory Service. In this role, he is responsible for research, consulting and forecasts on the securities and investment management industry. His coverage spans the market structure, regulations and technologies that impact the business models, and strategies of financial markets firms.
The webinar “Cure Your Top 3 Big Data Headaches” will be held on Tuesday, January 24th at 8:00 a.m. (PT)/11:00 a.m. (ET). To register, please visit the MarkLogic website.