Harnessing AI in Financial Services: Synechron's Data Strategy, Overcoming Challenges, and Future Innovations

Interested in being a guest? Email us at admin@evankirstel.com

Discover how AI is transforming the financial services industry with expert insights from Tim Jennings, who leads the global data practice at Synechron. We make a promise that you'll learn how high-quality, fit-for-purpose data is essential for AI applications, and how overcoming challenges like data bias can unlock new opportunities. Tim sheds light on the innovative potential of generative AI, which can access untapped data sources and pave the way for groundbreaking insights. Through real-world examples, such as Amazon's experience with biased AI systems, we explore how to navigate the complex landscape of data and AI in financial services.

Explore the often-overlooked issue of tech sprawl within organizations and its impact on data management. Uncontrolled technology proliferation leads to data duplication and inconsistency, making integration a daunting challenge. Hear how Synechron is addressing this problem with cutting-edge AI and machine learning solutions designed to resolve data discrepancies and streamline data environments. We delve into the critical importance of data governance, architecture, and analytics in crafting processes that are both reliable and efficient, equipping enterprises with the tools they need to drive accuracy and efficiency.

Peek into the future of data strategy with a focus on aligning business objectives with innovative AI solutions. Tim Jennings discusses the concept of data products and how they can bridge gaps between disparate data sources, creating flexible mappings that align with business goals. While scaling these solutions enterprise-wide presents its challenges, the potential for meaningful data leverage is vast. As we wrap up, Tim gives us a glimpse into his busy year, including plans to attend the Big Data Bell Pass event and a trip to New York, underscoring the dynamic and ever-evolving industry landscape. Tune in for an engaging and informative episode packed with insights on effectively leveraging AI and data to achieve strategic objectives.

Support the show

More at https://linktr.ee/EvanKirstel