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Eyes on Data: The Value of Data Products and Innovation for AI Optimization

By Jim Halcomb, Chief Research & Development Officer, EDM Association

Published on TDAN.com

Artificial intelligence has entered a phase that feels both inevitable and strangely precarious. The hype is unmistakable. So is the sense that we are still early — too early — for the broader economic transformation enthusiasts promise. If history is a guide, the current wave of investment and experimentation may look like a bubble that will eventually burst. But if the dot-com era taught us anything, it’s that bubbles clarify markets rather than invalidate them. The internet didn’t vanish after the tech bubble collapsed in 2000. Instead, the shakeout separated winners from losers while the web became the “killer app” that redefined how value is created, delivered, and scaled. Two decades later, the largest companies in the world were built upon that foundation.

AI is on a similar trajectory. The message for data leaders and business executives is simple: Stay the course. Pursue innovation and proceed with investment. Organizations that do not adopt and expand their use of AI will eventually find themselves uncompetitive. Survival in an AI-mediated economy will depend on it…

 

Read the full article on TDAN.com

Welcome Genpact as EDM Association’s newest member

Genpact accelerates progress for global businesses with their Genpact Advanced Technology SolutionsTM and our Core Business Services.

Learn more here.

CrossComm, Inc. is the EDM Association’s newest member

CrossComm, Inc. is a trusted partner for organizations looking to transform complex ideas into engaging digital experiences through immersive technology, data visualization, and custom software solutions.

For more information, click here.

Opplane is the EDM Association’s newest member

Opplane brings together world-class expertise in data science, engineering, and product to empower organizations with trusted, intelligent, and forward looking technology.

For more information, click here.

EDM Association welcomes Bermuda Cancer and Health Centre as its newest member

Bermuda Cancer and Health Centre is a Bermuda registered charity engaged in the prevention, detection, treatment and support of cancer and other health concerns in the local community.

For more information: click here

Financial Services, AI and Complex Systems

By FinTech Working Group Members Ganesh Raman & Michael Paull.
Published on DigitalTwinConsortium.org

The introduction of AI will result in a generational shift in the way in which large, complex systems will be managed. This will see existing systems transition from collections of siloed business functions to unified data management platforms. This transition will be driven by AI’s demand for “Always On” data.

Delivering “Always On” data will require the introduction of a new control plane providing “Always On” visibility over the source and destination of data. If the system administration teams cannot easily identify how data is generated, transformed, and consumed, managing the vertical integration of AI into the business and data management processing layers of legacy systems will become an insurmountable challenge.

This is not a system engineering challenge. This is a system observability problem, one that imposes new demands on system reliability, scalability, and performance.

At the Digital Twin Consortium (DTC), we are driving the development of this new control plane to deliver this observability. This is the Process Digital Twin of the live environment, which, in the financial services vertical, we are calling the “FinTwin” of the live system.

Read the full article on DigitalTwinConsortium.org

Bank of Finland joins EDM Association

Bank of Finland is the national monetary authority and central bank of Finland. It is also a part of the Eurosystem, which is responsible for monetary policy and other central bank tasks in the euro area.

For more information, click here.

Datasite becomes the newest member to join EDM Association

Datasite provides secure software solutions for managing the full spectrum of financial transactions — including M&A, restructuring and administration, and capital raising.

Learn more here.

Welcome Addepar as EDM Association’s newest member

Addepar consolidates and unifies all your data so you can easily analyze any portfolio, provide clients with a more complete and meaningful financial picture and offer the best possible advice.

Learn more here.

Senen Group is the EDM Association’s newest member

Senen Group is a trusted partner for industry leaders seeking to turn data and AI into a true competitive advantage.

For more information, click here.