A Deep Dive into 2024 Trends for FinTech Technologists with Techtrust Co-Founder, BK Bhāte.
With 2024 in full swing, the landscape for developers and engineers is evolving at an unprecedented pace. Especially for those in FinTech, where cybersecurity is top of mind and while many companies rush to adopt AI to cut costs. What does all of this mean for the backbone of these organizations – their technical talent?
In this article, I explore the pivotal trends that will define the year ahead, offering a compass for technologists to not just navigate but lead in the evolution.The Rise of Data as the Art and Engine of Innovation
In 2024, the spotlight will shift to the art of collecting and connecting data. In an era dominated by Large Language Model (LLM) and AI tools, data stands as the engine powering innovation. But here’s the catch – the ability to collect and connect this data correctly is not just a technical proficiency; it’s a skill set that’s about to become the most sought-after currency in the industry.
Why? Because the accuracy of AI models hinges on it, and in a landscape where biases and inaccuracies are intolerable, mastering this skill is non-negotiable.
For UI/UX engineers, the quest for seamless customer experiences amidst complex financial data renders them hot commodities. Emerging technologies like Extract, Transform, Load (ETL), and Predictable Vector Search promise to seamlessly integrate into our lives, presenting fresh challenges and opportunities for those at the forefront of technological innovation.Dispelling the Hype Around AI Perception in Finance
While the world buzzes about AI, the financial sector stands at a crossroads: can we trust the same algorithms that curate playlists to handle the intricacies of trading decisions and financial strategies?
Humans, with decision-making expectations grounded in fairness, judgment, and honesty, may find it challenging to follow AI decisions blindly.
