Re: HPCC Systems
Blindly collecting data for the sake of participating in the big data trend is not useful and could be costly as well as add risk to the organization. As Marc, points out, data governance is necessary to ensure the data is accurate and is evolving to keep up with changes in stock splits, management and issuers. While firms typically want big data to make better investment decisions or to trade the next hot stock, it can be used in other areas of the business, such as analyzing trade processing and how many MIPs are needed, say, over the next 12 months. Firms need processes around big data to ensure that it's accurate to rely upon.