Big Data - Advantages

The CBI Big Data Service enables adhering financial institutions to benefit from several advantages:

• The use of a centralised infrastructure that archives, aggregates and enriches the data shared among all institutions adhering to the initiative;
• The possibility of switching from a single-bank to a multi-bank approach, which ensures systemic data viewing and enhanced analytical capabilities;
• Enrichment of data coming from various sources in a rapid, economical and effective way;
• The possibility of viewing – by means of an appropriate graphic tool – large quantities of data with which to elaborate and integrate own commercial, credit or risk management strategies;
• Improved predictive capabilities for internal analyses thanks to econometric models based on network variables;
• The use of aggregate and anonymous data that safeguards the competitive context of the single adhering institutions;
• Protection of privacy and processed data thanks to an encrypting process that allows for tracing the identity of the individual company and guarantees the competitiveness of the entire system.