How is data democratization, cloud modernization and AI helping the financial services sector
How is data democratization, cloud modernization and AI helping the financial services sector? - SiliconANGLE
What is data democratization in financial services?
Data democratization refers to the process of making data accessible to all stakeholders within a financial institution, ensuring that it is scalable and secure. This approach helps avoid the creation of 'data swamps' and allows for better decision-making across the organization.
How does AI contribute to fraud prevention?
AI is increasingly being used to enhance fraud prevention efforts in financial services. By leveraging advanced analytics and real-time data processing, institutions can better manage risks and identify fraudulent activities, which is a key focus of SAS's investment in this area.
What role does cloud modernization play?
Cloud modernization allows financial institutions to create digitized customer experiences and manage large volumes of data more efficiently. It supports scalability and flexibility, which are essential for adapting to the evolving needs of the industry.
How is data democratization, cloud modernization and AI helping the financial services sector
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