Big data acts as the ' new oil ' according to experts . Major banks including HSBC use big data to monitor and predict fraud -- both by cardholders and staff -- by setting up data-mining systems that collect patterns and look for anomalies . Businesses who lack the power of big data will fall behind . Google and Netflix are leading the big data revolution , analyzing big data to predict what they will want to buy in the future .
Big data acts as the ' new oil ' according to experts . Businesses who lack the power of big data will fall behind . Google and Netflix are leading the big data revolution , analyzing big data to predict what they will want to buy in the future .