Systems | Development | Analytics | API | Testing

May 2024

The Rise of AI in FP&A: How insightsoftware Empowers Your Team

Despite the transformative potential of AI, many financial planning and analysis (FP&A) teams are hesitating, waiting for this emerging technology to mature before investing. According to a recent Gartner report, a staggering 61% of finance organizations haven’t yet adopted AI. Finance has always been considered risk averse, so it is perhaps unsurprising to see that AI adoption in finance significantly lags other departments.

LLM Validation and Evaluation

LLM evaluation is the process of assessing the performance and capabilities of LLMs. This helps determine how well the model understands and generates language, ensuring that it meets the specific needs of applications. There are multiple ways to perform LLM evaluation, each with different advantages. In this blog post, we explain the role of LLM evaluation in AI lifecycles and the different types of LLM evaluation methods. In the end, we show a demo of a chatbot that was developed with crowdsourcing.

Using Dependency Injection in Elixir

While controversial in functional programming, dependency injection can be a useful pattern in Elixir for managing dependencies and improving testability. In this, the first part of a two-part series, we will cover the basic concepts, core principles, and types of dependency injection. We'll explore its benefits in terms of modularity, testability, and maintainability. Then, we will look into a specific scenario where dependency injection can be beneficial, in this case, testing.

Discover Financial Services Automates Data Ingestion for Real-Time Decision-Making at Scale

Making operational decisions in a tight timeframe is critical to the success of an organization. Real-time data ingestion enables quicker data availability, in turn enabling timely decision-making. Real-time ingestion is foundational to our digital transformation at Discover Financial Services. As a senior manager leading the streaming and real-time data platforms at Discover, I don’t want to be in the data replication business manually.

What Is Database Schema? A Comprehensive Guide

A database schema, or DB schema, is an abstract design representing how your data is stored in a database. Database schemas can be visually represented using schema diagrams, such as the one below: A database schema diagram visually describes the following: Database schemas are at the heart of every scalable, high-performance database. They’re the blueprint that defines how a database stores and organizes data, its components’ relationships, and its response to queries.

ANSI X12 vs EDIFACT: Key Differences

Electronic Data Interchange (EDI) is a popular communication method that enterprises use to exchange information accurately and quickly with trading partners. EDI transmits data almost instantaneously — serving as a fast and efficient mode for exchanging business documents. ANSI X12 vs. EDIFACT are the two most common EDI standards used for EDI, but they have different structures, styles, and usage.

Event-Driven Microservices in Banking and Fraud Detection | Designing Event-Driven Microservices

How do we know whether Event-Driven Microservices are the right solution? This is the question that Tributary Bank faced when they looked at modernizing their old fraud-detection system. They were faced with many challenges, including scalability, reliability, and security. Some members of their team felt that switching to an event-driven microservice architecture would be the magic bullet that would solve all of their problems. But is there any such thing as a magic bullet? Let's take a look at the types of decisions Tributary Bank had to make as they started down this path.

Introducing Ably LiveSync: Seamlessly sync database changes with frontend clients

We’re excited to announce that Ably LiveSync is now in public alpha! LiveSync is a state synchronisation product that allows you to watch changes to your database and publish them reliably to millions of frontend clients, enabling those clients to stay up to date with the latest changes in realtime.

Adding views to an API-only Rails app

Ruby on Rails has long been celebrated for its ‘convention over configuration’ philosophy, simplifying web development for countless programmers. However, what if you’ve started with a lean Rails API-only application and now find yourself needing a front-end? This isn’t uncommon, especially with the rise of JavaScript frameworks and SPAs.