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Accelex Says its AI Agent Can Tame The ‘Nastiest’ Corner of Data Management
Unstructured data is the bugbear of private market data managers, but one of the latest entrant to the space claims to have a solution that can tame the “nastiest” part of data retrieval – private market fund quarterly reports. Accelex is a London-based artificial intelligence (AI) focussed FinTech that has launched a platform that can prise market-relevant…
Databricks and Frisco Tools Seek to Simplify Workflows
A deal between Databricks and Frisco Analytics is intended to simplify data workflows and unify siloes across enterprises. The tie-up will make Frisco’s data management tool available to clients on Databricks’ Data Intelligence Platform. Clients will have access to tools to integrate data management and governance, improve data quality and consistency and accelerate analytics and…
Strong Governance, Privacy Policies Can Negate AI Risks, Informatica Says
Debate about the limitations of artificial intelligence (AI) in data management was stoked further this week when a leading vendor warned that applications built on nascent large language model (LLM) technology could pose an “existential threat” to companies if not deployed thoughtfully. Jason du Preez, vice president of privacy and security at cloud data management…
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…