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How Financial Services Should Prepare for Generative AI

It’s no surprise that ever since ChatGPT’s broader predictive capabilities were made available to the public in November 2022, the sprawl of stakeholder capitalization on large language models (LLMs) has permeated nearly every sector of modern industry, accompanied or exacerbated by collective fascination. Financial services is no exception. But what might this transformation look like, from practical applications to potential risks?

Government's Cybersecurity Regulatory Framework Expands to Healthcare and Other Industries

Cyberattacks are devastating, especially when they derail real-world critical services like healthcare. An especially troubling attack field is ransomware: In 2022, 66% of U.S. hospitals were targeted in ransomware attacks, an increase of almost 50% from 2021, and 289 hospitals were affected by successful ransomware attack incidents. Healthcare organizations paid the ransom in about 61% of ransomware incidents, the highest rate of any industry.

Snowflake Ventures Invests in Landing AI, Boosting Visual AI in the Data Cloud

As Large Language Models are revolutionizing natural language prompts, Large Vision Models (LVMs) represent another new, exciting frontier for AI. An estimated 90% of the world’s data is unstructured, much of it in the form of visual content such as images and videos. Insights from analyzing this visual data can open up powerful new use cases that significantly boost productivity and efficiency, but enterprises need sophisticated computer vision technologies to achieve this.

Simplify Spatial Indexing with the Power of H3 - What the World Needs Now Is a Hexagonal Grid

Did you know that approximately two thirds of Snowflake customers capture the latitude and longitude of some business entity or event in their account? While latitude and longitude columns can often be used by BI tools and Python libraries to plot points on a map, or shade common administrative boundaries such as states, provinces and countries, companies can do so much more with this valuable geospatial data to perform complex analyses.

Marketplace Monetization: Turn Your Data and Apps into a Revenue Stream

Snowflake Marketplace is a vibrant resource, with hundreds of providers offering thousands of ready-to-try or ready-to-buy third-party data sets, applications and services. Many of these providers make their products available on Snowflake Marketplace for Snowflake customers to purchase — and they use our integrated Marketplace Monetization capabilities to simplify the process and speed up procurement and sales cycles.

Beyond the Buzz: Braze Equips Modern Marketers with Powerful AI Tools

A lot of the buzz around AI focuses on its future potential. And we get it — we’re talking about a transformative technology that presents seemingly limitless possibilities. But an important aspect of this world-changing tech story that gets lost in the hype is understanding exactly what AI solutions are available for you and your team to employ right now, today.

Simplify Application Development With Hybrid Tables

We previously announced Snowflake’s Unistore workload, which continues Snowflake’s legacy of breaking down data silos by uniting transactional and analytical data in a consistent and governed platform. Today, we are pleased to announce that Hybrid Tables — the core feature powering Unistore — is in public preview in select AWS regions. Hybrid Tables is a new table type that enables transactional use cases within Snowflake with fast, high-concurrency point operations.

Delivering Telecom Sustainability Targets Using Autonomous Networks

As the world grapples with the escalating climate crisis, many industries are re-examining their operations to identify and implement sustainable practices. The telecommunications industry is no exception. Telecom companies face growing pressure from consumers, investors and regulators to reduce their carbon footprint and achieve net-zero emissions. This shift towards sustainability aligns with environmental responsibility and presents lucrative business opportunities for telecoms.

Top 3 Data + AI Predictions for Retail and Consumer Goods in 2024

Nearly every facet of society has felt the impact of AI since it burst into the mainstream in late 2022 with the public launch of ChatGPT. In 2024, the retail and consumer goods industry is expected to experience massive upheaval due to the proliferation of generative AI (gen AI) tools as well as changes in customer engagement and the general manner in which products are now sold.