For corporate banking, data platforms and data management top the list of technology priorities, followed very closely by cybersecurity, according to Celent's Dimensions survey.
In contrast, in 2023, data and cybersecurity were low-ranked priorities, with data platforms not even making the top 10 technology priorities.
In the past year, many banks have uncovered a capability gap. Data may be the fuel for AI, but the promise (and hype) of AI in all its forms has exposed weaknesses in the ability of the data platforms at many banks to support growth in AI.
Read more from Celent, a business of Oliver Wyman > https://owy.mn/45NJiKR
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