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Emerging Technologies and Opportunities for Innovation in Financial Data Analytics: A Perspective

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Big Data Analytics (BDA 2018)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 11297))

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Abstract

Several key transformations in the macro-environment coupled with recent advances in technology have opened up tremendous opportunities for innovation in the financial services industry. We discuss the implications and ramifications of these macro-environmental trends for data science research. Moreover, we describe novel and innovative IT-enabled applications, use-cases and techniques in retail financial services as well as in financial investment services. Furthermore, this paper identifies the research challenges that need to be addressed for realizing the full potential of innovation in financial services. Examples of such research challenges include context-aware analytics over uncertain and imprecise data, data reasoning and semantics, cognitive and behavioural analytics, design of user-friendly interfaces for improved expressiveness in querying financial service providers, personalization based on fine-grained user preferences and financial Big Data processing on Cloud-based infrastructure. Additionally, we discuss new and exciting opportunities for innovation in financial services by leveraging the new and emerging financial technologies as well as Big Data technologies.

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Author information

Authors and Affiliations

  1. Department of Computer Science, Ashoka University, Sonepat, Haryana, India

    Anirban Mondal

  2. BAI7, IIM Bangalore, Bengaluru, India

    Atul Singh

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  1. Anirban Mondal
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  2. Atul Singh
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Correspondence to Atul Singh .

Editor information

Editors and Affiliations

  1. Ashoka University, Sonepat, India

    Anirban Mondal

  2. IBM Research - India, New Delhi, India

    Himanshu Gupta

  3. University of Minnesota, Minneapolis, MN, USA

    Jaideep Srivastava

  4. IIIT, Hyderabad, India

    P. Krishna Reddy

  5. National Institute of Technology, Warangal, India

    D.V.L.N. Somayajulu

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Mondal, A., Singh, A. (2018). Emerging Technologies and Opportunities for Innovation in Financial Data Analytics: A Perspective. In: Mondal, A., Gupta, H., Srivastava, J., Reddy, P., Somayajulu, D. (eds) Big Data Analytics. BDA 2018. Lecture Notes in Computer Science(), vol 11297. Springer, Cham. https://doi.org/10.1007/978-3-030-04780-1_9

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  • DOI: https://doi.org/10.1007/978-3-030-04780-1_9

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-04779-5

  • Online ISBN: 978-3-030-04780-1

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