In this 148th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Gangesh Ganesan, the Founder and CEO of PeerNova, a data management company that helps companies get control of their data to empower growth!
Episode Highlights:
- 0:32 – Gangesh Ganesan introduces PeerNova and its services.
- 3:01 – How badly does it look when a company comes to PeerNova?
- 5:10 – How do companies get onboarded and work with PeerNova?
- 7:03 – Jason breaks down what a data lake is for those who don’t know.
- 7:47 – What answers do clients get when they finish the onboarding process?
- 10:20 – What are the biggest challenges that lead to data being inaccurate?
- 15:00 – Do clients give positive feedback once they are onboarded with Peernova?
- 18:47 – How does getting the data situation under control empower future innovation within these companies?
- 20:54 – Jason explains the concept of low-code and no-code platforms.
- 21:45 – Gangesh and Jason talk about the next level of AI and trends in the industry.
- 23:52 – How much more innovation will we see in the next decade now that we have auto-generated code?
- 24:45 – What would Gangesh change in the financial services industry?
- 27:10 – What has been the biggest challenge during PeerNova’s growth?
- 29:42 – Gangesh shares what excites him the most about his job.
3 Key Points
- Peernova is an operating system for data, helping companies manage and clean up their data, something that strangles many companies to death.
- Companies that come to PeerNova are not required to onboard all of their data onto PeerNova’s platform but can work side-by-side with PeerNova’s servers as they act as a data lake.
- Once companies have their data cleaned up and under organized management, their IT-centric work becomes automated while also empowering their business users.
Tweetable Quotes:
- “We run both data quality and process integrity checks on the data and then we allow you to take actions on the results of that data quality and process checks.” – Gangesh Ganesan
- “Data quality is the albatross around the neck of every company and it is not great.” – Jason Pereira
- “Trying to find data quality and process issues and trying to make data available to downstream users is looking for a needle in a haystack, and the haystack itself is spread over a huge farm.” – Gangesh Ganesan
- “Humans are always the weakest link.” – Jason Pereira
- “The trend in the industry is to automatically start writing software itself for you. Instead of having to write code, you use tools that can write software for you now.” – Gangesh Ganesan
Resources Mentioned:
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