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Big Data Lays the Foundation for Business And Technology

Authorities cannot regulate all of the features that unstructured data will offer, be they in the form of social media and other channels, regulators said at SIFMA Tech Expo 2012 last week. Yet “every firm will be under regulatory pressure to produce a defensible risk architecture by 2016,” as my fellow Trading & Risk Technology blogger Stuart Grant noted in April.

Stuart Grant Video Presentation 06-26-12Unstructured data and other forms of Big Data are going to be around for a while. So capital markets firms face a choice: Make Big Data an excuse or an opportunity.

Solid as a Rock

Firms that wish to succeed must lay a new technology foundation to see themselves through the next 10, 15 even 20 years. It must feature an architecture that holds a wider range of information than before, bringing the user closer to data, allowing him or her to ask any question at any time via interactive dashboards, and executing with minimal latency.

Grant examined the notion of a Big Data project during a video presentation on Tuesday. “Challenging Big Data to Marry the Requirements of Business and Technology” discussed how to wed Big Data projects to trading, while avoiding high-tech pitfalls.

“Traditional architectures may be like building a house on sand,” Grant said. “At some point, the foundation will disappear.”

The video presentation is part of financial IT publication WatersTechnology’s first annual Big Data Online Summit 2012, going on now. The summit features industry experts in live video panel debates on how to address Big Data challenges, as well as case studies on the latest market developments and how to identify the potential value of Big Data.

Creating a Big Data infrastructure is neither cheap nor easy, and many firms don’t see the payoff. But they will when investigations into how firms use data to arrive at their conclusions become a day-to-day aspect of regulatory structure, according to Grant.

And firms will certainly see the payoff when competitors with solid Big Data foundations exploit Hadoop, in-database analytics, in-memory processing, sentiment analysis and other technologies to find valuable nuggets among torrents of streaming information.

Out of Excuses

To take part in the summit, visit Sybase’s virtual booth in the Exhibition Hall and view Grant’s video presentation, click here. There is also a networking lounge, exhibition hall and free resource library, as well as scheduled chats and Q&As with leading market participants.

Big Data offers an opportunity for firms to tie together their tactical initiatives for efficiency and a bigger future footprint. How do you intend to turn Big Data into an opportunity with no room for excuses?

Update (July 10, 2012)

A replay of Grant’s video presentation, “Challenging Big Data to Marry the Requirements of Business and Technology,” is available here.

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Stuart Grant Video Presentation 06-26-12
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  • This is a great article! Capital market firms are looking to reduce operational costs quickly, while seeking new avenues of revenue, with minimum risk. Accepting and learning to manage big data is soon going to be a question of survival for many firms. There is no reason to believe that the phenomenal data growth being experienced by these firms is going to slow down. As your rightly pointed out, the best firms are those, which are going to make the right business intelligence investments early. Here is a great chance to learn more about this topic in Orlando, FL, September 10th-13th  http://spr.ly/ASUGBO