Over the last three blog posts, we discussed the importance of data democratization in financial services. Today, we want to share a few final words.
To maximize the value of data resources, they must be discoverable by those who require the information. Once a needed data source is identified, it is best to have an automated approach to request requisite entitlements and a framework to access the information through various means—all while adhering to the firm’s data policy and security constructs. The use of AI-enabled search, combined with a capable abstraction/connection layer, provides an effective, efficient solution to achieving data democratization.
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The increase in the amount of data, along with the need for employees to access it, should encourage organizations to make the proper investments. It can help streamline operational efficiencies and even identify new business opportunities.
If you are interested in learning more about this topic, consider downloading our new guide The Search for Data Democratization in Financial Services.
If you have any questions about data democratization, our Handshake solution, or would like to discuss the topic directly with us, feel free to reach out to us.