Applying Big Data in Telecommunications and BCBS 239 in the spotlight
Many organisations and their CIOs are faced with a number of challenges including Big Data and compliance. One such sector is the telecommunications sector. Telecommunications companies are sitting on a gold mine, as they generate huge volumes of data. However, what they require is an in depth analysis of both structured and unstructured data to get deeper insights into customer behaviour, their service usage patterns, preferences, and interests. In addition, Big Data, if harnessed correctly, can deliver a number of benefits to an organisation. Added to this, many financial services institutions are battling to grapple with BCBS 239, principles for effective risk data aggregation and reporting.
As a result of these challenges, Datameer and Data Management Review will be hosting seminars that will address these key issues facing the industry today.
Top 3 applications for Big Data in Telecommunications
Telecommunications companies are some of the earliest adopters of big data technologies. The Datameer webinar will explore the Top 3 Use Cases for Big Data in Telecommunications. Telco’s are under pressure to maintain aging networks in the face of reduced margin and increased competition.
Says Gary Allemann, MD at Master Data Management, “Big Data analytics is helping telecommunication companies to gain and maintain a competitive advantage in the rapidly changing business landscape. However, it is important to understand the dynamics of Big Data and having an independent view and insight into how the challenges that is poses can be solved and benefits derived can assist greatly.”
This webinar will enable you to learn how Datameer equips marketers and engineers to:
- Increase Revenue per Customer while decreasing Customer Acquisition Cost
- Improve Customer Service and Reduce Truck Roll
This webinar will include a live demo how to use Datameer to Reduce Customer Churn by analysing CDR data
Date: 12 November 2015
Register at: http://info.datameer.com/NA-Top3UseCasesTelco-1115.html
Achieving and Maintaining BCBS 239 Compliance
Further adding to the complexity of analysing and applying Big data in a telco landscape, organisations also need to consider BCBS 239 compliance. There will be two upcoming webinars that focus primarily on the complexity and opportunities inherent in BCBS 239 compliance.
In a FastTrack to BCBS 239 compliance, on the 10th of November 2015, big data pioneer Datameer explores options for using the data lake to fast track the complex process of integrating data for risk reporting. Data aggregation, reporting and governance each present significant challenges for business and IT teams to handle, particularly for risk teams that must deliver large number of ad hoc reports, in a governed fashion, to meet external regulatory deadlines.
This webinar will cover present a case study on how a major US bank is using big data integration to address some of the challenges of BCBS 239 implementation, including:
- Allowing business teams to aggregate enterprise data from multiple sources
- Tracking lineage of data sources and elements
- Achieving real time audit readiness
For this webinar taking place on the 10th of November 2015 register at: http//info.datameer.com/BCBS239-Compliance-1115.html
On the 1st of December 2015, Data Management Review will also host a panel of experts to explore the way forward for BSBS 239. BCBS 239 comes in to effect for large banks from January 2016, but significant work still remains.
This webinar, which features experts from Standard Charted Bank, Collibra, and Bloomberg, will consider:
- Final priorities for compliance ahead of the BCBS 239 deadline
- Principles the regulation banks will continue to work on through 2016
- Business and operational benefits that can be derived from compliance
- Regulatory extension of BCBS 239 beyond global systemically important banks.
Date: 1 December 2015
Register at: http://resource.datamanagementreview.com/webinar-bcbs-239-dec2015