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.
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Generative AI Benefits
- Generative AI excels in enhanced problem-solving and improved decision-making across industries.
- It also offers automation of complex tasks and personalized services, particularly in finance.
The TIE Principle
- Focus on transparency, interpretability, and explainability in AI solutions, especially for customer-facing applications.
- This builds trust and helps mitigate regulatory risks, like bias-related lawsuits.
Hybrid Strategies and Endpoint Storage
- Hybrid strategies are prevalent, especially in financial services, due to the need for localized capabilities.
- Endpoint storage options become crucial for managing data and leveraging AI capabilities at the edge.