The AI in Business Podcast
Managing End Point Storage in Hybrid Data Strategies for Financial Services - with Yonas Yohannes of Oracle
Feb 4, 2025
Yonas Yohannes, CTO of FinTech and FIS at Oracle, dives into the pivotal role of endpoint storage in enhancing AI functions in financial services. He demystifies AI's true potential beyond the buzz, shedding light on its infrastructure impact. Yonas discusses the necessity for transparency and trust in AI technologies, emphasizing bias mitigation. He also addresses the complexities of managing hybrid data strategies and the increasing focus on accountable data governance, crucial for maintaining regulatory compliance and integrity in financial institutions.
22:21
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Quick takeaways
- The podcast emphasizes the critical need for transparency and interpretability in AI to build trust and ensure regulatory compliance in financial services.
- Yonas discusses the strategic importance of endpoint storage and hybrid data strategies for leveraging AI effectively within financial institutions.
Deep dives
The Shift from Hype to Real Applications of AI
The evolving role of artificial intelligence (AI) in various industries, particularly financial services, has begun to emphasize concrete applications over the previously dominating hype. Generative AI is identified as having immense potential to enhance problem-solving abilities across sectors, with notable advancements in banking and insurance. Specific use cases for AI include personalized account onboarding, loan origination, fraud detection, and improved automation of complex tasks. This emphasis on practical benefits indicates a shift from initial experimentation towards more serious integration and deployment of AI technologies within enterprises.
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