Leveraging Big Data in Financial Institutions and Law Enforcement: Challenges and Opportunities

"Big data, " which undoubtedly has many different meanings to different individuals, is no longer just a technical term. It is becoming a need for commerce and is giving banking and financial market enterprises all over globe answers to age-old problems. Big data is being used by financial institutions to improve their teams, operations, and the whole sector. Since 2020, the phrase "big data" has been often used to refer to the enormous volume of data in the era of data explosion as well as associated technical advancement and innovation. Regarding police operations, the advent of the big data age presents both a difficulty and an advantage. In order to advance the new advancement and growth of detective work, police organizations should follow the current of development and begin with elements like work application, and talent providing. The practical impact and importance via examples that occurred in several places are explained in this article.