A robust, modern data platform is the starting point for your organization’s data and analytics vision. At first, you may use your modern data platform as a single source of truth to realize operational gains — but you can realize far greater benefits by adding additional use cases. In this blog, we offer guidance for leveraging Snowflake’s capabilities around data and AI to build apps and unlock innovation.

REST Clients, or Representational State Transfer Clients, are essential tools in the world of web development and API integration. These clients facilitate seamless communication between applications and web services using the principles of REST architecture. A REST client is a software tool, library, or framework that enables developers to interact with RESTful web services by making HTTP requests and processing responses.

Legacy systems have been important in the growth and success of several organizations. However, as these systems and applications age, they slow down and become increasingly costly to operate and manage. As per the U.S. Government Accountability Office, operating and maintaining legacy systems consumes over 80% of IT expenses. Organizations must scale and update these systems to accommodate their evolving business needs. This is where legacy application modernization can help.

The Health Insurance Portability and Accountability Act (HIPAA), established in 1996, keeps individual health information private. It introduced HIPAA EDI (Electronic Data Interchange) Standards to secure electronic health data sharing among healthcare providers, insurers, and related entities. Healthcare EDI sets rules for how data should be formatted when electronically exchanged to ensure secure and efficient communication and reduce manual tasks.

Significant API adoption, management, and integration with emerging technologies like Generative AI underscore the crucial role of API in modern digital landscapes. Recent research shows that companies integrating APIs experienced a significant 12.9% surge in market capitalization. Moving a step further, Gartner predicts that by 2026, more than 80% of enterprises will have employed Generative AI APIs or implemented applications enabled by Generative AI.

Like many other industries, fintech has also been witnessing the integration of cognitive technologies as a key driving force behind recent transformations. Powerful tools, such as artificial intelligence (AI) and machine learning, are empowering businesses with swift transaction processing, precise data analysis, and optimized resource utilization. Thus, it is apt to say that a future with sustainable fintech software development cannot be mutually exclusive to the aspirations of cognitive technologies.

AI and generative Al can lead to major enterprise advancements and productivity gains. By offering new capabilities, they open up opportunities for enhancing customer engagement, content creation, virtual experts, process automation and optimization, and more.