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The Importance of Data Science and Analytics in the Finance Industry

It is estimated that by the end of 2020, there were approximately 40 zettabytes (40 trillion gigabytes) of data in the world. If it feels a bit difficult to wrap your head around that number, don’t worry – you are not alone! It is a truly staggering amount of data and this figure underlines the importance of needing to find a way to make sense of it all so that it can be used productively.

The financial industry is particularly reliant on big data to function smoothly and, as such, it is important to find new ways of analyzing data more quickly and effectively.