Summary
- Highlights strict data compliance needs in regulated industries.
- Emphasizes lineage and tracking in financial services.
- Raises concerns on data access and personalized marketing.
- Links data products and contracts to observability and compliance.
Chapters
Regulated industries require that you show what you are using, you are allowed to use that, and you are not breaking any rules, right? So data, the, the usage of data for whatever purposes, and especially for AI purposes, regulated industries are very, very, very worried about proving that the data is being used correctly, Right?
If we think of industries like financial services right after the crash in 2007, 2008, and you know, they came down very heavy in terms of regulations. These industries really understand things like BC, BS 2 39, like getting that down to that field level lineage, right? How do I make sure that I know that this has not been changed anywhere along its path into my dashboard and my report is incredibly important to them.
And I think things like personalized marketing campaigns run by AI scares them because of the risk associated with getting that Problem. Yeah. And people are running wild with that.
Think about a co-pilot, co-pilot actually, uh, is supposed to use, supposed to do the same thing that your primary interface does, but now you have a secondary interface, it provides a conversational ui, which is sort of different. It answers your question.
Hopefully it does not hallucinate. Um, so as, as part of that, I, I can imagine the regulated industries kind of worrying about proving that if I end up adding one more way of consuming data, then I'm not breaking the rule. If I'm giving access to this data set to one more business unit because they want to take this data set and do something with it, I'm actually allowed to do that, right?
Uh, and, and this is only gonna get worse. So One of the industries in which we've seen a lot of adoption of data products is financial services. Why is that?
I don't think for many of those reasons. I think it's because regulations are so strong that that data contract puts the terms and conditions under which the data is provided and can be consumed. It's all documented, but it's also, um, something that can be, uh, observed and tracked and we can alert when it goes outside of bounds, right?
So I think that becomes very important.
