{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ab6fe42bb6ddf45527e077e/60526f013a2dda5bc92741ba?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Cinchy with Dan DeMers | E168","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5ab6fe42bb6ddf45527e077e/1616015068681-abf39a17628deb4db3dec19784f836e3.jpeg?height=200","description":"<p>In this 168th episode of Fintech Impact, Jason Pereira, award–winning financial planner, university lecturer, writer, and host interviews Dan DeMers, CEO and Cofounder of Cinchy, a next–generation data–management platform that utilizes data fabric with the end goal of data autonomy!</p><p><br></p><p>Episode Highlights:</p><ul><li>0:43 – Dan DeMers introduces himself and Cinchy.</li><li>2:27 – What was the problem that Dan was trying to solve when he started Cinchy?</li><li>5:05 – Dan and Jason discuss the nature of code and the realization of data as a core asset.</li><li>6:56 – Jason and Dan explain why the silo system is not scalable.</li><li>10:09 – What are the hurdles and limitations of data lakes?</li><li>11:48 – Dan explains “data fabric” and what problems it solves.</li><li>15:21 – Jason and Dan discuss the relation of Metcalfe's Law to data fabric.</li><li>17:33 – Dan and Jason explain the value of data and what it means to every individual.</li><li>22:14 – What kind of reception has Cinchy gotten from the major institutions that it works with?</li><li>26:52 – Jason and Dan explain why we are on the cusp of a generation of people who all do some form of coding.</li><li>29:31 – If Dan could change one thing in his industry, what would it be?</li><li>31:29 – What has been the biggest challenge of getting Cinchy to where it is today?</li><li>32:29 – Dan explains what excites him the most about his work.</li></ul><p><br></p><p>3 Key Points</p><ol><li>Roughly 50% of all IT budgets go to integration and data management, including APIs and all the byproducts of data being fragmented.</li><li>Data lakes are filled with fragmented and unorganized data with quality issues that allow you to do analytics at best because it is all just a copy.</li><li>Acceleration of low–code and no–code has put the world on the cusp of a generation of which everyone knows how to code to some degree.</li></ol><p>&nbsp;</p><p>Tweetable Quotes:</p><ul><li>“We’re so used to a world where data is siloed and it’s subservient to an application.” – Dan DeMers</li><li>“If you ever have to rekey something into two different systems, it’s a failure.” – Jason Pereira</li><li>“If I have to pay my vendor to access my data, is it really my data?” – Jason Pereira</li><li>“You have to take the action. It’s not going to fix itself. The data is not going to self–repair, sadly.” – Den DeMers</li></ul><p><br></p><p>&nbsp;Resources Mentioned:</p><ul><li><a href=\"https://www.facebook.com/jason.pereira\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a> – Jason Pereira’s Facebook</li><li><a href=\"https://www.linkedin.com/in/pereirajm?trk=org-employees_mini-profile_title\" rel=\"noopener noreferrer\" target=\"_blank\">LinkedIn</a> – Jason Pereira’s LinkedIn</li><li><a href=\"https://www.fintechimpact.co/\" rel=\"noopener noreferrer\" target=\"_blank\">FintechImpact.co</a> – Website for Fintech Impact</li><li><a href=\"https://jasonpereira.ca\" rel=\"noopener noreferrer\" target=\"_blank\">JasonPereira.ca</a> – Sign up for Jason Pereira’s newsletter</li><li><a href=\"https://www.woodgate.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Woodgate.com</a> – Website for Woodgate Financial</li><li><a href=\"https://www.cinchy.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Cinchy.com</a> – Website for Cinchy</li></ul>","author_name":"Jason Pereira"}