credit analysis training online Archives - DexLab Analytics | Big Data Hadoop SAS R Analytics Predictive Modeling & Excel VBA

A Comprehensive Article on the Trends, Dynamics and Developments of Risk Analytics Market

Risk analytics makes organizations aware of the potential risks in their businesses. It helps companies make risk-aware decisions and improves their overall business performance. Risk analytics tools help investors get a better return on their capital and minimize the money required to be spent on regulatory compliances. Risk analytics tools aid in the central clearing of over-the-counter (OTC) derivatives.

Classification of Risk Analytics Market

Risk analytics market is divided based on:

  • Component type: Component segment of risk analytics market is further classified based on:
    • Type of solution: Risk analytics software group for regulatory compliance, market risk management, credit risk management, etc. are included in this group.
    • Services: Software services associated with risk analytics software like systems integration and risk evaluation are included in this group.
  • Size of enterprise: Risk analytics market based on size of enterprise is further categorized as:
    • Large organizations
    • Small and medium organizations
  • End-use verticals: Risk analytics market based on end-use vertical is further classified as:
    • BFSI- Banking, financial services and insurance
    • Manufacturing and retail
    • Telecom and IT
    • Government
    • Energy and utility, etc.

Risk analytics is expected to draw large revenues from BFSI sector. Recent times have seen developing countries perform better than the developed economies. This causes currency fluctuations and entails considerable risk. In the face of this current economic climate, BSFI sector is demanding improved risk analytics solution. State-of-art risk analytics tools are an absolute necessity for BSFI sector as they have to spot potential frauds using statistical models.

Main Drivers of Risk Analytics Market

  1. Market risk augmentation owing to:
  • Lack of economic stability
  • Market competitiveness
  1. Stringent regulations and policies are causing a surge in the demand of risk analytics software. Following are some policies responsible for the increased demand:
  • Basel I and II
  • Comprehensive Capital Analysis and Review
  • Dodd-Frank Wall Street Reform
  • Consumer Protection Act (CCAR/DFAST)

Small and medium sized enterprises lack cognizance of risk analytics tools. Moreover, a hefty amount of money is required for the installation of risk analytics tools. These issues are likely to hinder the growth of risk analytics market.

A developed IT sector and authoritative presence of blue chip companies are the key factors boosting the development of risk analytics market. North America is expected to hold majority of the market share in risk analytics market. Significant growth in risk analytics market is likely to occur in the Asia Pacific region. The growing competition in the market and fluctuations in currency will fuel the demand of risk analytic tools.

Major Vendors in Risk Analytics Market

  • IBM Corporation
  • SAP SE
  • Tata Consultancy Services Ltd.
  • SAS Institute
  • Oracle Corporation, etc.

With the rise in global risk, companies have to adopt new approaches to analyze risk. Big data and artificial intelligence are paving the way for the development of revolutionary strategies. CEOs are seeking the valuable input of insurers to curb the threat of cybercrime. Risk teams are turning into strategic advisors.

To know more about risk analytics follow Dexlab Analytics- a premium analytics training institute in Delhi. To gain proficiency in credit management tool, enroll for their credit risk modeling courses.

Interested in a career in Data Analyst?

To learn more about Machine Learning Using Python and Spark – click here.
To learn more about Data Analyst with Advanced excel course – click here.
To learn more about Data Analyst with SAS Course – click here.
To learn more about Data Analyst with R Course – click here.
To learn more about Big Data Course – click here.

Darker Clouds Covering the Cloud

Darker Clouds Covering the Cloud

New age technologies are dominating the present business environment. Mobility, cloud computing, social media and analytics have been affecting the different realms of business at an ever-increasing rate. Though most of the impacts are favourable, yet it will be reckless to ignore the severity of the negative ones.

Amidst all, cloud computing grabbed the utmost attention. The benefits of cloud computing are myriad – better productivity, lower costs and quicker time to market. A surging number of employees are using cloud applications to talk about various work-related subject matters. Nevertheless, data security is still a leading concern.




Traditional threats are no more potent. Most organisations have devised manipulating ways to safeguard themselves against those predictable threats, newer threats call for better IT security to realise high profile business priorities. A well-researched study by VMware, a pioneer in cloud infrastructure and digital workspace technology revealed that though businesses – small, medium and large will be more than keen to implement cloud computing to secure better future goals and efficiency, information security thriving on the cloud will have a profound impact on enterprises in the next 3-5 years.



The Cloud Security

Another study by eminent research firm Kantar IMRB highlighted that though organisations are taking steps towards a modern workspace environment, they are more interested about having a safe and secured digital environment, thanks to a rising number of cyber threats and thefts. If you follow the figures, in the next 3-5 years, more than 86% of enterprises are going to enhance their IT Budget and 80% of organisations will be eager to expend more time, skill and money on cloud technology.




In respect to the above context, Arun Parameswaran, managing director of VMware India said, “With nearly 25% of all IT workloads being managed on the cloud today, and the number expected to double by 2021, it is evident that the traditional on-premises IT environment is undergoing a profound change.” He further added, “Today, CIOs play an extremely essential role in their organisations’ IT, and it is of utmost importance to have enterprise data available always—anytime and anywhere while tightly secured.”

Enhanced productivity and better profitability will always remain a prime priority, but now as per the recent studies, IT security has also become a chief concern in the list of business priorities. However, despite heavy investments in IT, CIOs of well-established companies are unhappy because the budget is either not structured properly or inadequate. The studies also reveal that the government and BFSI respondents think that the budget for IT security is quite low, and it should be increased at least by 25% by next year.


Cloud is the best thing since sliced bread. Companies are relying more on cloud to store sensitive data. Cloud is the future; so companies should look up to ways to balance the risks with explicit advantages that this evolving technology brings in.


Looking forward to a credit risk analysis course online? Check out a wide range of interactive Credit Risk Analysis online course at DexLab Analytics.


Interested in a career in Data Analyst?

To learn more about Machine Learning Using Python and Spark – click here.
To learn more about Data Analyst with Advanced excel course – click here.
To learn more about Data Analyst with SAS Course – click here.
To learn more about Data Analyst with R Course – click here.
To learn more about Big Data Course – click here.

Call us to know more