Justin D.

As promised, a *New* episode of #DataWithPeachey has arrived! This one might be a bit ranty, but its one to make you think about why companies are jumping all in on AI implementations, but missing the (arguably) most important aspect -- Governance and Management. https://lnkd.in/eyevQ4wF

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https://lnkd.in/gRfUsJbB 🚨 Critical Alert: Snowflake Data Theft Incident 🚨 Recent investigations have revealed that while there's no direct evidence linking Snowflake's products to the recent Ticketmaster breach, there are signs that an account of a former employee was accessed. This highlights a crucial aspect of the importance of managing access controls, especially for former employees. #reinventIAM #CyberSecurity #AI #TechInnovation #AccessManagement #DataProtection Happy to connect if you want to know, how our AI application could have prevented this attack 🤕 #CyberSecurity #CloudSecurity #DataBreach #Snowflake #AI #ThreatDetection #MachineLearning #ZeroTrust #Encryption

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"Data, data, everywhere, no data for decision support," quipped @Eric Snyder of iba AG when presenting the joint paper with Falkonry at AIST - Association for Iron & Steel Technology annual conference 2024 last week. IDC estimated there will be 41.6 billion IoT devices in use by 2025, with the amount of data generated seeing a 28.7% CAGR from 2018 to 80ZB by 2025. And there is massive data from PLC, SCADA, MES, sensors ....in manufacturing plants; IBA AG, with 2,000+ customers worldwide, help manufacturers to acquire the data. You have massive data - but how are you leveraging? The data acquired by data ops partners of Falkonry are now being added to data lakes and lakehouses - waiting for creating an AI & data-driven Decision Support Systems in manufacturing plants. And that's where Falkonry AI Cloud plays a key role in the Industrial world. Fully automated - no data science resources, no MLOPS, no data cleaning/munging. No Code. Unified. Scalable. Secure. Purpose-built for Times Series data. This joint paper presents ways to leverage various data types acquired during steel manufacturing to enable fully AI & data-driven decisions on the production floor. DM me if you want to set up an AI & Data-driven Decicion Support System at your plant, now that you are acquiring all the data. #AI #SteelManufacturing #Industry4.0 #DecisionMaking

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Hummingbird is going deep on an approach to #AI that will meet regulatory expectations. We call it "compliance grade AI". If you are a compliance leader trying to figure out how to leverage the explosive potential of AI please check out our Hummingbird Labs articles on the topic!

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🎉🧐 The Technician's MBA is Live! 🧐🎉 The first post of "The Technician's MBA" is live on Substack - https://lnkd.in/eG5vC4wp. It's more outlining what content to expect, but if you want to have read you can do so with the link above. If you want to subscribe its free to do so and you will get each new post direct to your inbox every Wednesday. I will also cross post here for reach purposes. #TheTechniciansMBA #ThoughtLeadership #SoftSkills #TechnicalPractitioners #Coders #Coding #Leadership #Mentoring.

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Real-Time #Analytics News from the Past Week: 1. Unravel Data announced the release of three new AI agents: the Unravel DataOps Agent, the Unravel FinOps Agent, and the Unravel Data Engineering Agent. The new AI agents leverage domain-specific knowledge graphs and advanced automation to tackle precise problems faced by #data teams to help enhance efficiency and accuracy. 2. Gretel.ai released a new high-quality synthetic dataset designed to help #AI developers effectively detect and remove sensitive personal information in financial documents. 3. Databricks announced at last week’s Data + AI Summit the open sourcing of Unity Catalog, its unified solution for data and artificial intelligence (AI) #governance across clouds, data formats, and data platforms. Unity Catalog OSS offers a universal interface that supports any data format and compute engine, including the ability to read tables with Delta Lake, Apache Iceberg, and Apache Hudi clients via Delta Lake UniForm. 4. Credo AI announced a comprehensive AI Risk and Controls Library. The library of AI-specific Risk Scenarios and Controls builds on academic research, Credo AI’s domain expertise, and industry frameworks from leaders like MITRE and NIST. The library is designed to anticipate and mitigate negative incidents, helping the development and deployment of safe and controlled AI systems with speed to governance. 5. Amazon Web Services (#AWS) announced a $230 million commitment for startups around the world to accelerate the creation of generative AI applications. This will provide startups, especially early-stage companies, with AWS credits, mentorship, and education. Read the rest on RTInsights ➡️ https://lnkd.in/eiMnJ6V4

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What an incredible opening keynote from the founders of Databricks at the Databricks Data+AI Summit! Hearing from the visionaries behind #Databricks and NVIDIA was truly inspiring. Jensen Huang, CEO of #NVIDIA, emphasized the transformative power of #data and #AI, highlighting that "every company's business data is their gold mine." Ali Ghodsi, CEO of Databricks, echoed the sentiment, stressing the importance of integrating AI with enterprise data. An inspiring discussion continued on the crucial role of #opensource models in the AI revolution. Jensen noted, "Without open source, it wouldn't have activated this entire global movement for every company to be an AI company." This sentiment was underscored by the recent advancements with open-source models like Llama and Databricks' own DBR-X, which have democratized AI access for enterprises. The partnership between Databricks and NVIDIA is set to empower enterprises with cutting-edge AI capabilities. Jensen Huang shared, "We're using open source models all over our company to create some proprietary ones. This is an extraordinary time, and it starts with data; it starts with Databricks." The collaboration between these two tech giants is paving the way for a future where AI is seamlessly integrated into every aspect of business operations. Exciting times ahead for data and AI! I am pumped to be apart of the evolution... Let's talk Data & AI #DataAISummit #Innovation #OpenSource #AI #Data #LetsTalk

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Are you still reeling from the FTC rules announcement on Non-Competes? Wild right? Quite the aggressive stance on something between two willing and private parties. Sadly it won't have the effect the FTC hopes it will. But it will further clog the courts and judiciary. Have some other thoughts if you are looking to check the YTS newsletter. Today's topic is on the FTC -> https://lnkd.in/gGPq7QCU #FTC #NONCOMPETE #TECHNOLOGY

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Generative AI is transforming credit risk management. The challenge lies in deploying it safely and effectively amid regulatory and privacy concerns. Despite these hurdles, the benefits are substantial: improved risk assessment, smarter decisions, and streamlined processes.

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The list of "best of show" winners at this week's Finovate spring conference marks a big shift from the winners of 10 to 15 years ago. I couldn't make it to the conference this week, but, in looking at the best of show winners, I saw a trend that speaks volumes about where the industry's heads are at. Look at these excerpts from the company descriptions (coming from Finovate's blog post on the conference--see link below): "...helps banks and credit unions..." "...improves efficiency in banks ..." "...helps fintechs and financial institutions..." "...enables banks and manufacturers ..." "...helps creditors achieve higher recoveries..." "...helps financial services companies ..." Not one of the winners helps "consumers" or "small businesses." That's a big shift from the early days of the conference when so many presentations were--seemingly-- about consumers. Small business got into the act after a couple of years, with the direct to small business lender fintechs prevalent at the conference. So, the big question just might be: Is BankTech > FinTech? Congrats to Bloom Credit Cascading AI (YC S23) Kobalt Labs Remynt Savvi AI QuickFi

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Greetings from NYC, where I just attended a fascinating lunch/roundtable at the WTC on quantum computing and AI. (More on that, later). Today's tea leaves, with sources. Connect the dots, and what do you see coming from the future, back? 1) Softbank has acquired U.K. semiconductor company Graphcore, the latest in a series of steps taken by the Japanese tech investment company in the artificial-intelligence field. WSJ 2) Intuit is laying off 1.8k employees — 10% of its workforce — to rehire 1.8k new employees for roles across product, engineering, and customer service with a focus on...you guessed it...AI. CNBC 3) China’s already formidable exports surged in June, China’s customs administration reported on Friday. But imports shrank, with Chinese companies and households becoming more cautious about spending money. The result was a record monthly trade surplus of just over $99 billion. NYT 3) Despite billions of dollars in additional weapons and security assistance that NATO announced this week, allied officials said Ukraine would not be ready to launch a dramatic counteroffensive or retake large swaths of territory from Russia until next year. NYT 4) Joe Biden vowed to stay in the presidential race despite new gaffes, including mixing up Volodymyr Zelenskiy and Vladimir Putin, and VP Kamala Harris and Donald Trump, during a press conference at the NATO summit. At least three more House Democrats, including Jim Himes, the top member from his party on the Intelligence Committee, called for Biden to drop his re-election bid. BBG 5) Big bank earnings kick off today with JPMorgan, Citi and Wells Fargo as shares trounce the broader market. Investors are looking past another projected drop in net interest income, instead focusing on investment banking and a rebound in loan profits. BBG 6) Auto factories in eight states will receive $1.7B from the US Energy Department to be repurposed as EV manufacturers. This includes a closed Illinois Jeep factory, which will restore 1.4k+ jobs. Edgadget 7) Boeing is said to have told some 737 Max customers that aircrafts due in 2025 and 2026 face additional delays. BBG 8) U.S. Republican lawmakers are seeking a probe into Microsoft’s $1.5 billion investment in artificial intelligence firm G42, citing concerns about the transfer of advanced technology and possible ties the Abu Dhabi-based company may have with China. WSJ 9) Amazon announced AWS App Studio: a generative AI-powered service that can create enterprise-grade applications through natural language instruction. Meaning: “A user simply describes the application they want, and the Studio builds an application that could have taken a professional developer days to build from scratch," according to AWS. The firm 10) OpenAI Partners With Los Alamos Lab to Save Us From AI. Los Alamos warns that ChatGPT-4 can provide information "that could lead to the creation of biological threats." Gizmodo

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The San Francisco MISMO Summit was a hit. If you need proof on how well data standards work for mortgage tech, just take a look at eVaults for closings. Not a high number yet as we wait for all Investors/Trading Partners to trade eNotes but 8-10% of all closings with minimal issues is phenomenal. The low interoperability issues on these loans is due to eVaults following a standardized methodology for exchange. Join a CoP and see the great work at MISMO regarding all aspects of the life of a loan. #processloansnotpaper #gooddatastandards #gooddatastrategy

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With the advent of LLM’s we now have choices on what modeling techniques we use to build and deploy analytical models #AgileData Do we use the tried and true analytical models that have been around for decades or do we move to the use the newer LLM capabilities? Shane Glass is publishing a series of article’s that compares using purpose built analytical models vs the Gemini LLM. Well worth a read, even if your not a Google Cloud user (which of course you should be). https://lnkd.in/gWgcryM6

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In Episode 14 of "Friday Fun", we discuss a use case of time series forecasting for our hypothetical client, "Lessons in life Inc.". You can watch the episode here: https://lnkd.in/gdNuDZMB Previous episodes can be watched here: https://lnkd.in/gYpX5UgW #data #analytics #ai #ml #datascience #designedanalytics #forecasting

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What would happen to the Financial Advisory business if Excel disappeared tomorrow? That was the question Craig asked (half-jokingly) on a recent episode of the WealthTech Today podcast. The answer was NOT good, but also not surprising. While the industry is moving towards modern tooling, still core components and workflows take place in a heavily manual fashion (more often than not, using Excel). This is the TOIL that limits the ability to scale a business. I'm happy that I could bring some of my tech knowledge to help identify toil in Advisor workflows, and work at SMArtX Advisory Solutions building solutions to truly modernize the wealth management industry. #fintech #advisortech #uma https://lnkd.in/eJC_iKcS

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What I appreciate most about how we designed the SMArtX Advisory Solutions platform is that we provide software to Turnkey Asset Management Programs as a FinTech, but we prove out every piece of our technology platform by using it to run a TAMP and servicing advisors ourselves. In tech this is called "Eating your own dogfood" or simply "dogfooding". Wikipedia says: "Eating your own dog food or "dogfooding" is the practice of using one's own products or services. Hence dogfooding can act as quality control, and eventually a kind of testimonial advertising. Once in the market, dogfooding can demonstrate developers' confidence in their own products." No matter how you cut it, whether we are servicing them directly or through our enterprise clients; the end consumer is the advisor. And servicing them through an "out-of-the-box" TAMP gives us the unique opportunity to hear the clients needs directly and hone our product and make it a better experience for everyone using it. So let's be both a TAMP and a FinTech while we sing along with Dierks Bentley and agree that SMArtX is "little bit of holy water, but still a little bit burning man"

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Hello from Chicago, where I'll be working with a group of executives on you guessed it...Artificial Intelligence. Amazing times... Here's today's Tea leaves, with sources. Connect the dots (by imagining a future in which these different futures collide)...and what do you see coming from the future, back? 1. NATO targets AI, robots and space tech in $1.1 billion fund. A consortium of NATO allies has confirmed the first tranche of companies awarded funding as part of the group’s one billion euro ($1.1 billion) innovation fund. Reuters 2. Australia’s central bank kept interest rates at a 12-year high and highlighted sticky inflation, suggesting it’ll be some time before it’s ready to signal easing. BBG   3. Bank of Japan Governor Kazuo Ueda said the central bank could raise interest rates next month depending on economic data available at the time, underscoring its resolve to steadily push up borrowing costs from current near-zero levels. RTRS   4. France’s corporate bosses are racing to build contacts with Marine Le Pen’s far right after recoiling from the radical tax-and-spend agenda of the rival leftwing alliance in the country’s snap parliamentary elections. FT   5. Blue Origin, Jeff Bezos’s space company, has been approved as a military launch contractor. It will bid on 30+ Space Force liftoffs, worth a combined $5.6B, in competition with established contractors United Launch Alliance and SpaceX. ArsTechnica 6. Jolly Good! UK grocery inflation declined for the 16th consecutive month to 2.1 per cent in June, according to data that will come as welcome news to consumers hit by the cost of living crisis. FT   7. Biden to announce an initiative Tues whereby undocumented immigrants married to US citizens will be able to apply for legal residency. WaPo   8. Elon Musk plans a Venmo-like payments feature for X across the US, documents show. Users will be able to store money on their accounts, pay other users or businesses, and even buy goods in physical stores. BBG 9. Tudo bem? Petrobras agreed to pay 19.8 billion reais ($3.5 billion) in back taxes, boosting Brazilian President Luiz Inacio Lula da Silva’s efforts to balance the budget. BBG 10. Surprised? The majority (72%) of US high school teachers say cellphones are a major distraction in their classes, per a Pew Research Center survey. The good news: only 6% of elementary school teachers say the same. PRC.

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