he new year will see more banks, insurers and credit-rating firms across the globe turning to enhanced security measures to guard against online fraud more effectively, global software and cloud major Oracle has predicted.
“(The year) 2016 will witness an increase in the proliferation of experiments default risk, policy underwriting, and fraud detection as firms try to identify hotspots for algorithmic advantage faster than the competition,” the leading US-based cloud service provider said in its outlook for 2016 on Monday.
The professional data scientists will see increasing demand for their skills from established companies including in India, it added.
Oracle has 12 development centres in India, including facilities in many emerging cities like Vijayawada, Thiruvananthapuram, Noida and Ahmedabad.
“(The year) 2016 will be the year when big data becomes more mainstream and is adopted across various sectors to drive innovation and capture digitization opportunities,” said Neil Mendelson, vice president, Oracle’s big data product management, in a statement.
“We will also see the emergence of dataflow programming which provides simpler reusability of functional operators and gives pluggable support for statistical and machine learning functions,” the 2016 outlook added.