![]() Financial institutions were among the earliest users and pioneers of data analytics.ĭata Science widely used in areas like risk analytics, customer management, fraud detection, and algorithmic trading. It churns raw data into a meaningful product and uses it to draw insights for better functioning of the industry. Industries perceive data as an essential commodity and fuel. We will also explore how various industries are using data science to manage their financial spendings.ĭata is everywhere. In this article, we will explore the latest applications of Data Science in Finance industry and how the advances in it are revolutionizing finance. Even before the term data science was coined, Finance was using it. ![]() As a matter of fact, data science and finance go hand in hand. Free Machine Learning course with 50+ real-time projects Start Now!!įinance has always been about data.
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