Data distribution hurdles hinder financial sector AI [Yahoo! Finance]
Digital Realty Trust, Inc. (DLR)
Last digital realty trust, inc. earnings: 2/13 04:50 pm
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Source: Yahoo! Finance
Financial services companies grapple with data distribution hurdles as they move forward with AI initiatives, according to data center services provider Digital Realty. The company surveyed 2,254 global IT decision-makers across 11 industries, including 362 in the financial services industry. Two-thirds of financial services industry respondents said their organization was executing an AI strategy, but more than half found funding data infrastructure upgrades to be a challenge. Bringing data in closer proximity to business and AI operations was a priority for 7 in 10 respondents. “If you don't have the right data where you need it, then your AI strategy is broken before it starts,” said Dan Eline, VP of platform solutions at Digital Realty, in the report. “Data must be in the right place where AI can ingest it and create more data in a forever-perpetuating cycle.” The financial industry sits atop mountains of data that can fuel predictive modeling, improve risk assessments and
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DLR
Earnings
- 10/24/24 - Miss
DLR
Sec Filings
- 12/23/24 - Form 424B5
- 12/12/24 - Form 4
- 12/12/24 - Form 144
- DLR's page on the SEC website