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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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Data security vs usability: you can have it all

Cloudera

Just like when it comes to data access in business. Enabling data access for end-users so they can drive insight and business value is a typical area of compromise between IT and users. Data access can either be very secure but restrictive or very open yet risky. Balancing security and useability.

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Why a Solid Data Foundation Is the Key to Successful Gen AI

Snowflake

By 2025 it’s estimated that there will be 7 petabytes of data generated every day compared with “just” 2.3 And it’s not just any type of data. The majority of it (80%) is now estimated to be unstructured data such as images, videos, and documents — a resource from which enterprises are still not getting much value.

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How Healthcare and Life Sciences Can Unlock the Potential of Generative AI

Snowflake

But while the potential is theoretically limitless, there are a number of data challenges and risks HCLS executives need to be aware of when using AI that can create new content. Here’s how the right data strategy can help you get past the hazards and hurdles to implementing gen AI.

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What are the Features of Big Data Analytics

Knowledge Hut

Data Integration Data integration is the process of combining information from several sources to give people a cohesive perspective. The fundamental idea behind data integration is to open up data and make it simpler for individuals and systems to access, use, and process.

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Is Your Financial Services Organization Ready to Leverage Generative AI?

Snowflake

While the possibilities of gen AI and large language models (LLMs) are limitless, there are several data challenges and risks financial executives need to be aware of when implementing AI that generates original content. Access to high-quality source data, strong governance controls and robust security are paramount.

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5 Reasons Manufacturers Should Move ERP Data to Snowflake to Supercharge Analytics

Snowflake

A robust, flexible architecture Snowflake’s unique architecture is designed to handle the full volume, velocity and variety of data without making manufacturers deal with downtime for upgrades or compute changes. In addition, they can add third-party data sets through Snowflake Marketplace to enrich insights.