By 2025,
30% of Generative AI Projects Will Be Abandoned Due to Poor Data Quality
Will Yours?
In Finance, Data is a Critical Driver of Success, yet many Institutions still struggle with:
Fragmented Data System
Outdated Infrastructure
Regulatory Challenges
AI-Ready Data
Facts You Cannot Ignore
1 in 3 Data Breaches Involve Shadow Data. Is Yours Secure?
1 in 3 data breaches involved shadow data, highlighting how the growing complexity of data makes it increasingly difficult to track and secure.
Data breaches that took more than 200 days to identify and contain had the highest average cost at nearly $5.5 million.
Data breaches that took more than 200 days to identify and contain had the highest average cost at nearly $5.5 million.
3 in 5 Organizations Use Data Analytics for Innovation
About 92% of organizations achieved value from data and analytics investments in 2023. 59.5% of business leaders say their companies are using data analytics to drive business innovation.
Unfortunately, most companies are falling behind in other data analytics areas.
Unfortunately, most companies are falling behind in other data analytics areas.
Financial Repercussions of Data Breaches
Company
Citibank
Meta
Equifax
Capitol One
Morgan Stanley
Fine Amount for Data Breach
$136 Million
$1300 Million
$575 Million
$136 Million
$136 Million
Leaders who act now will stay ahead. Those who delay, end up falling behind the curve.
Your Insights Can Help Drive Better Solutions for Financial Institutions Worldwide
Join hundreds of data professionals by taking a quick survey and receive a $100 Amazon Gift Card instantly as a reward.
0
0
0
0
0
0
Limited spots available, don’t miss out!
0% completed
Read how America’s Fastest Growing Companies are Solving Data Challenges
Improving Regulatory Compliance and Customer Experience for a Multinational Bank
A multinational bank faced increasing regulatory demands, data security issues, and fragmented data management operations. To address these challenges, the bank sought advisory and technology consulting services to streamline compliance and improve data quality.
Strategic Data Management Transformation for a Leading Financial Services Company
A Fortune 500 financial services company launched a strategic transformation to enhance its Data Management and Governance processes. The initiative aimed to advance Information Governance maturity and implement automated solutions for operational efficiency, maintaining the company’s leadership in financial services.
Data Monetization Blog - Insurance Industry Perspective
Premier International defines Data Monetization as the ability to leverage Data and Information to expose opportunities to increase revenues, reduce costs, and drive competitive advantage while mitigating risk.
© Insight Labs All Rights Reserved | Terms of Use | Privacy Policy