In the past decade, demand forecasting has become a central focus for E-commerce and retail companies, allowing them to better anticipate changes in demand and restock products before they sell out. Demand forecasting has traditionally been handled manually by analysts who use data from existing sources.
The financial market is one of the most important markets worldwide, with many professional analysts and consultants keeping a close eye on FinTech startups and their products. Big data analytics has become one of the buzzwords in the banking sector and it needs to be applied with the latest technologies to keep pace with the rapidly changing customer needs in all spheres of business. In addition to safeguarding the financial information, big data solutions offer the finance industry to predict vulnerabilities, estimate credit risk and generate loyalty.