The C Suite shares how financial firms can use the power of connected data, authored by Emil Eifrem, CEO of Neo4j, the world’s leading graph database. The financial services industry is facing a number of diverse challenges head on – but they have one thing in common. The need to understand and manage data relationships. Graphs are giving financial firms the flexibility and agility they need to compete in an increasingly aggressive business landscape. An excerpt:
With graph databases, you are not tightly confined by semantically-limited data models and expensive, unpredictable ways of running queries through join-ups in their relational counterparts. Graph databases support many named, directed relationships between entities, also dubbed nodes, which provide a much richer semantic context. By taking this approach the ecosystem modelled can be outlined in far greater depth. The other beauty of graph databases is that they are extremely quick at creating these data patterns.Read more here.