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Snowflake Inc.

Data + AI Foundations in the Cloud for Financial Services

A Financial Services Executive Survey


 

To better understand the financial industry’s state and how organizations prioritize AI and Cloud investments, we surveyed more than 300 senior-level executives from the world’s leading financial services firms to better understand how they have built cloud-native data platforms and how they’re approaching their enterprise data and AI strategies.

Key takeaways include: 

• How industry leaders are prioritizing AI, data science and collaboration workloads in the cloud

• The role cost optimization and economic value play in these organizations’ cloud migration 

• The top reasons industry leaders have adopted or will adopt a multi-cloud strategy

READ THE REPORT

what you’ll learn
from this report

In Snowflake’s first Financial Services Executive Survey, we canvassed the views of C-Suite leaders, including CIOs, CDOs and senior-level technology executives from the world’s leading financial firms to capture the pulse of the industry on their cloud and data competency.This report is divided into chapters that provide insights from our executive respondents:

Cloud Adoption

The world’s leading financial services organizations have broadly adopted cloud technology to support infrastructure scale, but the pace of transition to cloud progresses unequally. Some firms will see their journey to the cloud blocked by legacy technologies and accompanying data architectures.

Enterprise Data and AI Strategy

Financial services companies want a unified environment when accessing data and powering workflows. By breaking down data and technology silos, organizations can power critical use cases, including Cybersecurity, Customer 360, Investment Analytics and Fraud Detection, that span across different lines of business and teams.

Cost Optimization

Organizations have faced significant challenges in managing the costs of complex technology solutions. Cloud usage has made it easier to assess the costs of delivering technology solutions with greater transparency.

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