in the Banking and Finance Industries
Read the White Paper
Big data is quickly gaining recognition in the finance industry, yet many companies are moving forward without the necessary and essential planning or expertise. In fact, only 17% of banking executives surveyed believed they were well prepared to prioritize and implement key projects. Therefore, a firm that can take leverage their data intelligently can gain a competitive advantage.
This white paper outlines the key aspects of big data in the realm of banking and finance:
- There are many ways to make big money from big data: customer retention, targeted marketing, fraud reduction, and more.
- It is important to act now to be the first mover. Much of the industry is behind at present, but growing awareness and new regulations will level the playing field eventually.
- Companies that win will be those that best execute in five key areas: strategy, skills, process, systems, and data.
Founder and Chairman
Randy Shumway founded Cicero Group (www.cicerogroup.com) in 2001. It began humbly, with four people working out of Randy’s house. At the beginning of 2017, when Randy stepped down as CEO, Cicero had grown to a highly-respected, global management consulting firm. In 2016, Randy was awarded Utah’s Lifetime Accomplishment and CEO of the Year in recognition of his professional accomplishments.