Why Are Financial Institutions Rethinking DIY AI?

Last year, many financial businesses that initially set out to build in-house AI solutions in-house returned to us after facing challenges in scaling their Enterprise AI solutions. Almost invariably, these projects began as an exciting opportunity to harness generative AI to transform operations and outpace competitors.?

Guess what happened next??

• Far too often, the excitement morphed into a costly, time-consuming struggle as unexpected challenges emerged – including delivering accuracy, compliance, security, maintainability, and scalability.?
• Many – maybe most – organizations underestimate the complexities and steep opportunity costs of developing generative AI applications from scratch.?

Hear It from Dorian Selz, CEO of Squirro, with 25+ Years of Industry Expertise

In response to the recent article "Why AI Giants Are Suddenly Obsessed With Enterprise Search," which explores why even tech giants face challenges in enterprise contexts, Dorian Selz shared insights rooted in what we do daily at Squirro.

The article states: "For these tech giants, solving enterprise search isn't just another feature—it's the key to unlocking AI's promised transformation of enterprises—making AI work."

According to Dorian:

"A secure, privacy- and permission-enabled, accurate retrieval component—and this at scale (aka >10m+ docs)—is the key success factor of Retrieval Augmented Generation (RAG) systems."

When asked why AI initiatives, including those from leading tech companies, often struggle in enterprise environments, Dorian explained:

"It’s a complex orchestration exercise, including the big data 5Vs, access control, scaling ACL-enabled vector indices, etc., and it’s largely underestimated in terms of how hard it is. And yes, we’ve been through that learning curve over the past years. Our largest permission-enabled (>10k, yes 10,000, user groups) index is >14TB."

To provide deeper context and share actionable insights, we’re hosting a webinar this month on the topic. As Dorian said "No fluff, just what we learned." Don't miss out -join us!

Ready to Build? We're sharing our expertise here

Explore all our resources on the Build vs. Buy page. Weight the critical factors to consider in our quick self-assessment, or discover in our latest guide why buying accelerates results.

Recognized by Gartner as a visionary company, Squirro stands at the forefront as an enterprise-ready generative AI solution for search, insights, and automation. Our clientele includes prestigious organizations such as:? the European Central Bank, the Bank of England, Henkel, Mubadala.

Thank you for being part of our journey. Stay tuned for more updates as we continue to bridge the AI reality gap!