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Snowflake Bets it can Bring the Promise of AI to Wary Organisations
Snowflake has rooted its offerings more deeply in artificial intelligence, betting that its data cloud platform can deliver the promise of the technology at a time when many organisations are reappraising their approach to AI implementation. Among a flurry of new service announcements made at the end of last year, Snowflake unveiled plans to launch…
The Data Year Ahead: More Data Formats and Use Cases
In the second part of our preview of the next 12 months in data management, we take in the views of experts who offered Data Management Insight their thoughts on a range of developments, including the increased use of unstructured data, the wider application of data sets and distribution challenges. 1 Data Governance, Quality and Technologies Ian…
Snowflake Opens Regional Headquarters in Saudi Arabia
Data cloud giant Snowflake has opened a Middle East regional headquarters in the Saudi Arabian capital Riyadh. The company said it would serve the wider Middle East from the new office, taking advantage of the kingdom’s Vision 2030 programme of modernising its tech base.
SmartStream Chief Jaffer Sees Rapid Change in Year at Helm
Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary…
The Data Year Ahead: AI Reality Check and New Skills Needed
If 2024 was the year when artificial intelligence (AI) came to the fore in data management, the next 12 months could see its spread ebb as financial institutions take a reality check and slow the frenetic pace of adoption. That, at least, is one of the many predictions for the new year from of a…
2024: A Year of Increasing Data Complexity
One thing was apparent in the data management space over the past year; the job of chief data officers became increasingly complex as the volume of data their organisations ingested swelled and the uses to which it was put expanded. All that despite the flowering of technologies with the potential to make life easier for…
Spend, Spend, Spend: 2025 Set to be a Year of Bigger Data Budgets
Next year will be one of rising data expenditure by financial institutions as artificial intelligence (AI)-led applications flourish, according to separate surveys. Nevertheless, most aren’t prepared for AI adoption, with organisations having neither the skillsets nor regulatory processes in place, according to another survey. The final flurry of industry studies for 2024 suggest that financial…
NeoXam Completes Acquisition of EZOPS
Data management provider NeoXam has completed its purchase of AI-enabled data control, workflow automation and reconciliation provider EZOPS, whose technology will be merged with that of its new owner. NeoXam said the capabilities assumed in the acquisition will provide clients with AI-enabled reconciliation, research, remediation and reporting tools. It will be deployed in a Software-as-a-Service…
A-Team Group Announces Winners of its Data Management Insight Awards Europe 2024
The winners of A-Team Group’s Data Management Insight Awards Europe 2024 have been announced, with another crop of outstanding companies recognised for their innovation, expertise and performance. Established solution vendors and ground-breaking newcomers alike are acknowledged in the awards for providing leading data management solutions, services and consultancy to capital markets participants across Europe. Over…
Spanish Insurer MAPFRE Links into Aladdin for Asset Management
Insurer MAPFRE’s asset management business has become the first Spanish company of its kind to sign into BlackRock’s Alladin investment management platform. MAPFRE AM will oversee the management of its US$60 billion portfolio of public and private assets on the platform. “The adoption of Aladdin will help us unify all of our apps and to…