Data that has valid, well defined, meaningful information is positioned to play a huge role in the future of the fintech industry.
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Smart Data Is a Bigger Priority Than Big Data for FinTech Companies
Four main components define the usefulness of aggregated data: data volume, which refers to the generation process; data velocity, which relates to how data is captured and stored; and data veracity and value, which are determined by the usefulness of the information collected. In all of these four segments, smart data trumps big data in its current form.
