{"326841":{"#nid":"326841","#data":{"type":"news","title":"Data Science Key for Financial Technology Companies","body":[{"value":"\u003Cp\u003EGeorgia\u2019s financial technology companies produce more than $34 billion in revenues annually, placing the state third behind New York and California. The state\u2019s FinTech sector is set to cement its position as the global leader in payments processing, said \u003Ca href=\u0022http:\/\/www.iac.gatech.edu\/faculty-and-staff\/faculty\/bio\/ries\u0022\u003EChristine Ries\u003C\/a\u003E, professor in the \u003Cstrong\u003ESchool of Economics\u003C\/strong\u003E. Her comments are included in a new report from the Technology Association of Georgia (TAG).\u003C\/p\u003E\u003Cblockquote\u003E\u003Cp\u003EGeorgia financial technical companies and the companies that support them must tap into big data to spur growth.\u003C\/p\u003E\u003Cp\u003EWe know that payments processing is the linchpin of global trade, and the data science impact on payments is already igniting dramatic expansions of trade and prosperity in many sectors.\u003C\/p\u003E\u003Cp\u003EData will be used increasingly and in most industries to create and sustain competitive advantage. Consider that 90 percent of data stored is never accessed. Also, 10 percent of an organization\u2019s data is considered \u201chot\u201d and a potential driver of revenue. But this data has a limited shelf life.\u003C\/p\u003E\u003Cp\u003EThis cutting-edge report from TAG FinTech shows us that Georgia companies already play a leading global role. A careful reading offers many clues to the policies and practices that will assure Georgia\u2019s leading global position in payments processing.\u003C\/p\u003E\u003C\/blockquote\u003E\u003Cp\u003EThe new TAG report can be found here:\u0026nbsp;http:\/\/www.tagonline.org\/chapters-and-societies\/fintech\/\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EGeorgia\u0027s FinTech sector is set to cement its position as the global leader in payments processing, said \u003Ca href=\u0022http:\/\/www.iac.gatech.edu\/faculty-and-staff\/faculty\/bio\/ries\u0022\u003EChristine Ries\u003C\/a\u003E, professor in the \u003Cstrong\u003ESchool of Economics \u003C\/strong\u003Ein a new report from the Technology Association of Georgia\u003Cstrong\u003E.\u003Cbr \/\u003E\u003C\/strong\u003E\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Georgia\u0027s FinTech sector is set to cement its position as the global leader in payments processing, said Christine Ries, professor in the School of Economics in a new report from the Technology Association of Georgia."}],"uid":"27889","created_gmt":"2014-09-18 17:20:27","changed_gmt":"2016-10-08 03:17:07","author":"Beth Godfrey","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2014-09-18T00:00:00-04:00","iso_date":"2014-09-18T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"65466":{"id":"65466","type":"image","title":"Christine Ries","body":null,"created":"1449176831","gmt_created":"2015-12-03 21:07:11","changed":"1475894579","gmt_changed":"2016-10-08 02:42:59","alt":"Christine Ries","file":{"fid":"193224","name":"final_portraits_mckitrick_001__main_public.jpg","image_path":"\/sites\/default\/files\/images\/final_portraits_mckitrick_001__main_public.jpg","image_full_path":"http:\/\/www.tlwarc.hg.gatech.edu\/\/sites\/default\/files\/images\/final_portraits_mckitrick_001__main_public.jpg","mime":"image\/jpeg","size":8105653,"path_740":"http:\/\/www.tlwarc.hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/final_portraits_mckitrick_001__main_public.jpg?itok=p1l-9WAZ"}}},"media_ids":["65466"],"groups":[{"id":"1281","name":"Ivan Allen College of Liberal Arts"}],"categories":[{"id":"134","name":"Student and Faculty"}],"keywords":[{"id":"602","name":"economics"},{"id":"103841","name":"financial technology"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003ERebecca Keane\u003C\/p\u003E\u003Cp\u003E\u003Ca href=\u0022mailto:rebecca.keane@iac.gatech.edu\u0022\u003Erebecca.keane@iac.gatech.edu\u003C\/a\u003E\u003C\/p\u003E","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}