Capital markets firms wary of cloud overspend

Data architects highlight cost concerns as more and more institutions look to use the cloud for data storage and management.

Compared with a decade ago, the cloud is now a mainstay of tech strategy at most financial firms. But this doesn’t mean they have budgeted for all the costs associated with it or considered how to navigate the related expenses properly. 

And for some, the tech shift hasn’t proved to be a cost-saving measure.

Speaking to a packed room at this year’s North American Financial Information Summit in New York City, Prasanna Ramaswamy, head of technology and data at CPP Investments, an investment manager

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As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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