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Deutche to use big data in a big way

Deutsche Bank will make elaborate use of big data to provide a detailed picture of how, when and where customers interact with the bank and it now planning to have a major upgrade of its systems for this purpose. Chief data officer of the bank J.P. Rangaswami, told a news agency better and cheaper metadata was allowing the bank to analyze previously inaccessible information. By upgrading the technical infrastructure, he said the data would allow the bank to tailor services to customers’ needs and to identify bottlenecks and regional implications faster and solve problems more quickly.

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