Data mining has attracted a great deal of attention in information field and consumer’s lives in the recent years. Data mining is a result of technological transformation in the last decade. Research has grown but is yet to come to the level of its true potential in terms of Knowledge Discovery from data.
Data mining is a confluence of various disciplines including database systems, statistics, information retrieval etc. Data is tremendously growing as it is available through messages, open source surveys, social media sites such as Face book and Twitter. According to top marketing research firms, the “Big Data Market” global scenario was worth USD 6.3 Billion in 2012 and is expected to outperform to USD 48.3 Billion in 2018. Today, there is wide availability of huge amount of data through various sources and thus there is a need to turn this data into validated and vital Knowledge which could generate a lot of revenue.
The following are some of the key factors which affect Data technology in the capital market
Shifting trends in financial regulations across the globe
The global financial regulators are moving forward in implementing new initiatives in liquidity, capital, banking, and other financial related initiatives. This has reduced the risk of failure of banks which includes Basil 2.5 used for trade book reforms; also the introduction of regulatory such as Basel III, EMIR, Dodd Frank, Wall Street reform and MiFid has poised some challenges for the financial and banking sector in the recent time as well as the future.
This factor makes data storage extremely imperative in recent times as there are so many sources from which data can be collected from internet, social media, chat messages etc. Data technology has changed with the introduction of Cloud computing data storage is simplified. To manage your data the data mining services in Delhi and NCR have become preferred outsourcing vendors as they are cost effective with superior and appropriate compliance
Due to technological changes and input of the correct data is necessary. Timely retrieval, manipulation and execution of data can be used to regain control of market dynamics which is one of huge tools for business.
Data mining has a significantly contributed in the process of data management as it is cleansed, integrated and selected to be mined in a comprehensive way to produce data which is termed as knowledge. This knowledge database is then preserved in huge areas known as data warehouses. Data is important for the present capital market there is market research companies in Delhi to transform the market and business dynamics in the present times and the future.