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Top 5 Data + AI Predictions for Financial Services in 2024

Snowflake

The foundation for success is a data platform that allows flexible, cost-effective ways to access gen AI — whether organizations want to use off-the-shelf commercial and open-source large language models (LLMs), or fine-tune their own LLMs for more complex applications. Rinesh Patel, Snowflake’s Global Head of Financial Services 2.

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Complying with Quebec’s Data Privacy Laws Is Easier with the Data Cloud

Snowflake

Canada, in addition to being one of those 71% of countries with data protection and privacy legislation, stands out as an early adopter of privacy legislation. Quebec takes that a step further with its Bill 64, now referred to as Law 25, which modernizes data protection and privacy legislation for Canada’s second most populated province.

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Easy and Secure LLM Inference and Retrieval Augmented Generation (RAG) Using Snowflake Cortex

Snowflake

While every organization should keep both options on the table, to quickly deliver value, the key is to identify and deploy use cases that can deliver value using prompt engineering and retrieval augmented generation (RAG), as these can be fast and cost-effective approaches to get value from enterprise data with LLMs. What is RAG?

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How Much Data Do We Need? Balancing Machine Learning with Security Considerations

Towards Data Science

Taking a hard look at data privacy puts our habits and choices in a different context, however. Data scientists’ instincts and desires often work in tension with the needs of data privacy and security. Anyone who’s fought to get access to a database or data warehouse in order to build a model can relate.

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What are the Best Free Cloud Storages in 2024?

Knowledge Hut

As you are constantly evolving individually, and professionally, so is the need to organize and store large numbers of data securely and easily accessible whenever it’s needed. It is a platform for organizations to save data securely online so that it can be accessed anytime from any location by those with permission.

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Snowflake Strengthens Commitment to Public Sector with U.S. DoD IL4 Authorization

Snowflake

What this means for the defense community Data is a strategic asset. As the DoD continues to evolve into a data-centric organization, the challenge becomes how to centralize, analyze, and share data securely, at speed and at scale. View the DoD IL4 PA and other security compliance documentation here.

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Cybersecurity in Banking: Importance, Threats, Challenges

Knowledge Hut

The arrangement of technologies, protocols, and methods referred to as "cybersecurity" is meant to guard against attacks, damage, malware, viruses, hacking, data theft, and unauthorized access to networks, devices, programs, and data. Significant financial, data and reputational losses may result from this.

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