For people looking to start a career in finance, the fintech (or, financial technology) field is often a very appealing one. It is an area where there is a lot of potential for innovation, and where new advances can make a big difference in terms of how people think about and interact with financial businesses, gain access to both consumer and business financial products, and how money moves around.
For people thinking about a career in a financial technology discipline – whether they want to be an entrepreneur who creates a new, groundbreaking innovation, or work within one of the exciting existing fintech companies dominating the industry, there are a lot of study paths that can be viable. Economics, for instance, can be a good choice, as can computer science related programs. However, if one analyzes the trends in fintech of late, it is clear to see that there are several areas where the greatest innovation is happening, and all of these eventually come down to big data.
What Is So Special About Big Data?
Big data offers so much potential in fintech because so much data is generated by financial systems. The individual accounts and transactions of billions of people, the fluctuations in currencies and stock prices, all of these things create data points, and being able to use that data effectively can allow for all kinds of applications. Big data is also at the core of other important technologies, such as machine learning and artificial intelligence. The ability to process and analyze data in useful and meaningful ways, then, is something that allows fintech companies to create truly cutting-edge solutions that can give financial businesses competitive advantages, and also provide better options for people in general, whether they are investors, borrowers, or business owners. Businesses may benefit from the software and stream processing services provided by the likes of ververica.com which have previously been used by some of the world’s most well-recognized companies.
Should You Study Big Data?
There are plenty of options for people who are interested in a career working with big data in a fintech context, including this big data Boston course, for instance. If you are interested in analysis, and have a leaning towards the scientific and mathematical side of technology (rather than, for example, being more interested in things like front end design and user experience), then it could be well worth thinking about choosing a study path where you will get to learn big data related skills, as you will likely find this interesting and rewarding, as well as something that can lead to a lucrative career.
The Future of Big Data Careers
Big data is a fast-moving area of technology, and because it often goes hand in hand with AI and machine learning, some may worry that their own skills in analysis and big data processing may become obsolete as the capabilities of software become more advanced. However, it is likely that the opposite will be true, and the demand for people with strong experience and skills in big data will actually become more in demand as the reliance of the finance industry on big data technologies grows.
Big data is an interesting area, and definitely one worth examining further if you are deciding on the best skills to arm yourself with for a future career in fintech.