AI has become a hot-button topic over the past year, set to transform a swathe of industries, including the world of finance. The scale of AI adoption in the finance industry is rapidly expanding. According to a report by Forbes, 54% of Financial Services organizations with 5,000+ employees have already adopted some form of AI. Additionally, findings from JLL reveal that banking and insurance companies worldwide are anticipated to spend an additional $31 billion on…
Introduction In the highly competitive retail industry, data is, once again, queen. Decisions are made quicker, options are too diverse, loyalty is at the all time low. Retailers are under pressure and they need support from technology to stay ahead. . Technology empowers retailers to ensure that they can anticipate and respond to the needs of consumers, capture new business, and make better choices about what to invest in. Naturally, achieving all of the above…
Introduction Companies must switch to automation to reduce operating costs. This is imperative for their survival and thriving in an increasingly competitive market. Unfortunately, there are a number of logistical hurdles which have made realizing this goal difficult for enterprises. According to new research by the accountancy and business firm BDO, supply chain issues, rising energy costs, and record levels of inflation are now affecting 58% of all enterprises. Meanwhile, a survey by Nucleus reports…
A number of industries are now employing Generative AI (Gen-AI) to accelerate the efficiency of their processes. As a result of the AI revolution (heightened by the public prominence of bots like Chat GPT and others), many companies around the world across a range of different functional areas (including supply chains, marketing, product making, research, analysis, and more) have chosen to integrate at least some form of AI into their operations. Indeed, the sheer scale…
In the evolving world of data management, two distinct approaches to data governance have emerged: declarative and actionable. This article explores the differences between actionable and declarative data governance in alignment with the Data Management Association’s (DAMA) framework. We’ll also explore the role of Stratio’s Generative AI Data Fabric in helping businesses transition from reactive to proactive data governance so they can more confidently adapt as their industry’s regulatory landscape evolves. If you want to…
Generative AI transforms the daily life of individual users and businesses. It mimics human responses, intriguing C-suite with its possibilities to improve efficiency, productivity and quality of service. However, in a recent interview for Digital Transformation 2023 report by The Times, Oscar Mendez, CEO of Stratio BD, cautions businesses that generative AI tools are still in their infancy stage, and might not be robust and secure enough to find and maximise the wealth of data held internally…
The development of Generative Artificial Intelligence (Gen AI) has recently sparked much excitement and interest across a wealth of industries. However, its true potential in delivering business value, and driving faster, technology-led growth, is yet to be fully realized. Data analytics is crucial in today’s data-driven world. Businesses across all sectors are beginning to recognize the many possibilities Gen AI has in enhancing their company’s analytics capabilities. For instance, the global market for Generative AI…
The Gartner report “Over 100 Data and Analytics Predictions Through 2028” provides valuable insights into the future of data and analytics. One highlighted area is the rise of data fabric as a crucial factor in addressing the complexity of data management. This is where Stratio, a leading Generative AI Data Fabric vendor, comes into play. In this article, we will explore how Gartner’s report predictions align with the solutions provided by Stratio. We’ll dive into…
Stratio’s Proof of Concept (POC) process, the set of OKRs which are agreed before any project starts, and the scaling framework provide our customers with a seamless and successful experience. In this article, we explore the importance of Objectives and Key Results (OKRs) as the foundation of our customer collaboration. By agreeing on OKRs upfront, we ensure clear project goals, active customer involvement, and a customer-centric approach. We also discuss the evolution of OKRs throughout…
Your data is ready to talk to you Stratio has been using generative AI in the Generative AI Data Fabric product for a while now. It didn’t have a chatbot-like interface which we all now associate with generative AI (meaning ChatGPT of course), but the technology has been firmly integrated into several of our core modules including Data Governance and Data Quality, automatically generating quality rules and business rules directly from the metadata. In addition,…
