Nick DeVore's Linkedin Analytics

Do you trust your AI tools with sensitive data? Scrutinizing tools that handle confidential info is vital. I've seen AI tools boost productivity but also raise data privacy concerns. Consider these points: 1. Ensure robust encryption for storage and transmission. 2. Choose vendors who are clear about data practices and meet industry standards. 3. Conduct audits to spot vulnerabilities or breaches early. 4. Use strict, role-based permissions to limit tool access. These steps help harness AI's power while safeguarding client trust and security. What measures do you find crucial for securing AI environments?

How can buy-side firms retrieve information faster than ever before? The answer lies in leveraging AI. Here's how: → AI unifies fragmented data into a single, accessible repository. This breaks down data silos, streamlining due diligence and research. → Advanced Natural Language Processing (NLP) tools allow firms to swiftly query and extract insights. There is no more manual scanning through news articles and regulatory filings. → AI processes large datasets in real time. It delivers actionable insights instantly, enabling agile investment strategies. → Automated monitoring quickly identifies anomalies and compliance issues. Decisions are fast and well informed, reducing oversight risks. → By slashing time to information, AI lets firms respond faster to market changes. I see firms using AI gain an edge over competitors stuck in traditional, slower methods. These firms are turning data into decisions at lightning speed. What challenges do your teams face in data processes?

I remember a time when I was an advisor that still haunts me. A lot of time spent working with a HNW prospect and earned their trust to sign on. The potential was immense for my business. But then came the NIGO. The manual process dragged the onboarding to a halt, and the opportunity slipped away. The client was frustrated. I was frustrated. It was a lose-lose situation. What many don’t realize is that manual onboarding processes are quietly costing RIAs their clients. Here's why: → Manual tasks are prone to human errors. → Lengthy processes can frustrate clients and lead to attrition. → Time spent untangling administrative tasks can mean missing out on lucrative deals. These unseen risks are bigger than they appear. The good news? We don’t have to stay stuck in the past. Digital workflows can transform onboarding from a burden to a breeze. Imagine: → Automated checks that minimize errors. → Speedy onboarding that keeps clients happy. → A system that lets you seize opportunities without hesitation. By embracing digital workflows, firms can reclaim valuable time and focus on what truly matters: growing their business and serving their clients better. Agility is a key competitive advantage. So, how much time could your firm reclaim by automating onboarding tasks? I’d love to hear your thoughts below.

How can we leverage AI while keeping our data safe? As we dive deeper into the digital age, artificial intelligence (AI) is becoming a key player in reshaping data governance practices. And let’s be honest, with buy-side firms, ensuring data quality and compliance is a top priority. AI is changing how we handle data. But how exactly is AI stepping up to the plate? Let's break it down: Gone are the days of painstaking manual checks. AI systems can now automatically detect anomalies, flagging potential errors faster than any human could. This not only ensures data accuracy but also boosts efficiency across the board. AND With regulations from the SEC and GDPR breathing down our necks, compliance is no joke. AI helps maintain compliance by continuously monitoring data against regulatory standards. It will be like having a watchdog that never sleeps, making sure your data is always in line with the latest compliance standards. HOWEVER! We must deploy AI ethically to maintain data integrity and trust. This means ensuring transparency in AI processes and guarding against biases that could skew results. Remember, trust is earned, not given. So, how do we ensure AI is a force for good? → We need to prioritize ethical guidelines in AI deployment. → Regular audits and transparency should be the norm, not the exception. In the end, AI is a powerful tool, but it must be used responsibly. By automating data quality assessments and ensuring compliance, we can streamline operations while safeguarding our data. And ethical AI deployment is the key to maintaining the trust and integrity that our clients expect. What are your thoughts on AI in data governance? Share below!

Just wrapped up another conference. This time, it was InvestOps. Guess what the hot topics were? You guessed it—AI and data automation. But a surprising twist? A strong emphasis on friction points in client onboarding and managing data risks. AI agents are fantastic for automating workflows. Yet, they bring along their own set of nuances. Here's how you can tackle those challenges: → Before you dive into AI, know where the bottlenecks are. Is it during onboarding? Or maybe while managing sensitive data? → Prioritize areas where automation truly adds value. → Know potential pitfalls and limitations. Consider data privacy and compliance standards. → AI can help identify patterns and anomalies to foresee potential threats and mitigate them early. The balance between innovation and risk management is key. So, while AI is your shiny new tool, it’s essential to deploy it wisely. Have you encountered any unexpected challenges with AI?

T3 was a whirlwind of insights and promising discussions. CTOs, COOs, and RIA owners alike were buzzing about AI. The excitement is undeniable. But so is the hesitation. Security and privacy concerns cast a shadow. Yet, this is where Egnyte shines. Our intelligent cloud content platform is designed to cross these hurdles with ease. Here's how Egnyte can help: → Tailor access to ensure only the right eyes see sensitive data. → With Egnyte's Co-pilot, your data remains private. → Boost team efficiency with AI-powered summaries that get to the point faster. → Compare documents seamlessly, with zero hassle Egnyte goes beyond just file sharing. It's about safeguarding information, enhancing collaboration, and driving operational efficiency. Are you ready to explore how Egnyte can transform your firm's approach to AI? Let's connect.

Are you truly unlocking the full potential of cloud productivity, or are you just scratching the surface? The cloud is more than a digital dumping ground. It’s our work engine for efficiency. But let’s be honest—are we harnessing it to its full potential, or are we just going along for the ride? ➤ Use automation tools to reclaim your time and refocus on what really matters—strategic, high-impact work. ➤ Break down geographical barriers with platforms that allow seamless, real-time collaboration. ➤ Let's face it, we're not tied to desks anymore- keep your tools mobile-friendly, so productivity follows you everywhere, from coffee shops to airports. ➤ Ensure you're getting value without unnecessary drains on your budget. By tapping into these best practices, we can transform our workflow and drive greater outcomes in our financial services sector. What other tactics have you found effective in harnessing cloud technology?