How Big Data is revolutionizing Banking Domain !?

The Banking sector is a very good example of how Big Data has revolutionized the customer experience in Banking. There are days when we use to stand in long queues for depositing money to bank account, withdrawing money, sending money to some other account and so on. But in today's times we can do all such things from comfort of home , we don't even need to go out of our house for doing these things.We just need an average internet connection and within few clicks these operations can be done in just few seconds now. This has given many opportunities to banks as well as customers to know each other in a better way . As online is the new normal now in the banking sector so the banks who haven't adapted this structure are on the verge of ending their Business and many have ended as well. In online banking , operations happens in just few seconds (or we can say in real time) . That means data gets generated at a very fast rate. And we know if data gets generated fast then it n...