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New platforms to make better decision with Big Data

A U.S. regional bank while reducing its staff and technology cost wanted to see how it could maintain its collection rate. A consultancy based in Chicago and Bangalore analyzed the actions of a U.S. regional bank such as calls, mailers and IVRs and concluded that the bank was overspending.  The bank was thus able to reduce costs by a million $. Analytical companies are now investing in platforms and products to fill the void in analytic stack. To know more: 

http://www.forbes.com/sites/tomgroenfeldt/2015/07/08/bank-reduces-debt-collection-costs-through-big-data-analytics/

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