https://techcrunch.com/2023/10/24/aleph-is-building-a-platform-to-reconcile-disparate-financial-data/

As cloud-based software becomes the norm for many functions inside of modern businesses, data silos are growing into an outsize problem. This is particularly true in the financial industry, where vendors are often faced with reconciling data from a diverse range of sources.

According to a 2022 survey from InterSystems — which, it should be noted, has a horse in the data reconciliation race, given that it’s a data tech provider — 62% of financial leaders say that improving access to siloed, distributed data will be one of their top initiatives in the next 12 months. Fifty-four percent cited data silos as one of their biggest barriers to innovation.