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Time for data-driven banking to come to age

Standard Chartered group chief information officer, Dr Michael Gorriz says that banks need to develop new strategies for how to harness their data assets to spur growth.

The explosion in data sources – mobile data, real-time social data, and the Internet of Things – combined with the coming of age of data science and open-source data technologies, has created a clear divide between the banks that are ready to embrace the data revolution, and those that are not.

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