In the heart of the FAME integrated solution lies the Incremental Analytics component. The purpose of this component is twofold: firstly, as its name implies, to provide analytic operations in an incremental fashion. That means that the result of an analytical query (i.e. aggregation, summarization, counting, etc.) is not being calculated each time a request … Read more
Greetings, FAME followers! We’re excited to introduce you to the FAME project, a federated, secured marketplace for accessing any type of data asset and any kind of data infrastructure. As a pilot, DAEM is eager to demonstrate the potential of FAME in leveraging data to provide personalized services to citizens of Athens, starting with the … Read more
In the world of finance, where every decision can have significant ramifications, the possibility of predicting market movements is invaluable. Traditionally, analysts have relied on a combination of data analysis, market trends, and expert insights to make informed predictions. However, in the era of Artificial Intelligence (AI), new paths for analysis and prediction have emerged. … Read more
Picture a logistics firm subscribing to weather forecasts, a mobile provider offering data packages, or individuals participating in webinars and streaming movies online. Information goods, such as data and digital products, permeate various aspects of modern life, from business operations to entertainment consumption, illustrating their omnipresence and interdisciplinary nature. Data as a Commodity: From Byproduct … Read more
Let’s imagine for a moment that an algo-trading company, “Fin-Sent-X,” has enabled a new market platform through which anyone can subscribe to any of its machine learning (ML) models. These models can predict future financial indicators, such as changes in stock value, based on historical news feeds. According to the company’s website, their newly developed … Read more
FAME (Federated decentralized trusted dAta Marketplace for Embedded finance) is a joint effort of world-class experts in data management, the data economy, data technologies, and data finance that aim to develop, deploy and launch a unique, trustworthy, energy-efficient and secure federated data marketplace for Embedded Finance (EmFi) to the global market. The goal of the … Read more
The role of Data Spaces in Converging Composable Banking and Embedded Finance The vision of an integrated future In the ever-evolving world of financial services, traditional banking models are being redefined by the imperative for flexibility and personalization. Composable banking has emerged as the response to financial institutions’ urgent need to integrate non-proprietary services swiftly, … Read more
Embedding Finance refers to the integration of financial services into non-financial contexts or platforms. It encompasses the seamless incorporation of financial functionalities within various digital ecosystems, such as mobility applications, e-commerce platforms, and social media networks. EmFi services aim to provide users with convenient, personalized, and interconnected financial experiences tailored to their specific needs and … Read more
Modern computer and storage systems are enabling massive data to be stored, processed and communicated cheaply. Recent advances in Data Analytics as well AI technologies are making data more valuable than ever before. Companies generate and use a lot of data. Hence, big opportunities exist for companies to monetize their data assets. Data market platforms … Read more
