Being innovative relies on your speed and flexibility to make decisions. But today, that sentiment rings truer than ever for our friends in the financial sector (in particular) now that technology is playing a bigger role than ever. Big Data and AI innovations aren’t just on the horizon, they’re being rapidly implemented. But, can organizations keep up and make the most out of this investment?
Today, Big Data and Artificial Intelligence go hand in hand in leveraging information to help firms make better, and faster decisions around trading and investments. The two are carving out important roles for themselves within the financial sector, but as Big Data and AI improve the process for investors, the technology is undergoing its own improvements.
That’s good for business – because, at its core, artificial intelligence learns from the past to improve upon itself to produce better algorithms and thus, better results. While this constant learning, adjusting and improvement is what makes this technology such a good investment, it’s not going to live up to its full potential without proper network infrastructure.
All those fast changes, adjustments and decisions mean nothing if the network doesn’t have the processing power to keep it running at lightning speed or data centers that can handle all that information.
The problem is, while those within the financial sector understand the importance of investing in AI, they often realize they just don’t have the infrastructure to keep it running at the speed, and scale it needs. At their core, the industry wants to keep everything in house. But can even the biggest firms afford such a major investment in both network and AI technology itself? That’s debatable.
While some might want to keep true to form and run everything themselves, costs can quickly take on a life of their own. That means partnerships between connectivity providers and the financial industry are now going to take on more important roles than ever. Companies like Custom Connect can provide firms the expertise and flexible, scaleable infrastructure they need while still giving them full control and the ability to combine in-house capabilities.
The race for innovation is on. Do you have the infrastructure to back up your investments in the latest technology? Email us and we’ll let you know how we can get you up to speed with a free assessment.