Data Mining: What Financial Services Firms Need To Know

Law360, New York (February 5, 2013, 11:58 AM EST) -- Data mining has been taking place for as long as businesses have been keeping records. From the start, businesses have collected and used data to analyze themselves, their customers and their competitors. And, investors have sought out the same data to identify market opportunities and discontinuities. Today’s “big data” technology provides enhanced ability to capture, store and analyze large amounts of information to identify nascent trends and create aggregated statistics about consumers, businesses, industries and whole economies.

With so many of our commercial and personal interactions...
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