It's no secret that data is growing at a phenomenal rate, with some estimating that it is exploding at 30 to 50 percent each year. With such growth, IT organizations inside of financial firms are having a hard time keeping pace.

Moreover, more than 50 percent of new data is unstructured. Financial organizations have a good track record when it comes to handling structured data -- market, trade or account data, for instance. When it comes to unstructured data , financial data and technology experts are somewhat outside of their comfort zone.

Big data is certainly one way that organizations are handling unstructured data and the adoption of big data technologies, such as the open source software framework Hadoop , will likely continue to be used by financial firms as they look to improve business results. Read full story on Wall Street & Technology


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