From business innovations and media headlines to TV and movies, it seems that AI is virtually everywhere. While still in its early stages across the financial services industry, AI adoption is expected to accelerate over the next few years. How can banks build and implement AI within an organization?
RENE DUFRENE, GM OF FINANCE INDUSTRY SOLUTIONS AT AT&T
“Building the right solution, capitalizing on the skill sets available and addressing the highest-priority problems for the banking organization is the key to success”
The State of AI in Financial Services Today- Many large financial institutions, including commercial banks, insurance and wealth management companies have started using AI or partnered with AI startups. In many use cases AI is augmenting human decision making and automating routine tasks.
As an example, Erica, Bank of America’s AI powered virtual assistant, uses voice commands and texting to help customers with basic tasks like looking up account information or transferring money.
Financial companies are also testing AI in their middle and back offices. By using machine learning to analyze big data sets, AI is helping companies Monitor for online fraudulent activities in real-time; Make faster and more informed lending decisions on customer loans; shorten the time is takes to complete compliance and regulatory tasks.
This story is from the October 2018 edition of Enterprise IT World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2018 edition of Enterprise IT World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Larger Datacenters And Better Services
With Managed Services and Public Cloud signaling a paradigm shift in the Datacenter market, Netmagic is building on the company’s strengths, and the NTT connection to spearhead the evolution with a Multi Hybrid Cloud strategy and Public Cloud partnerships to maintain its leadership position in Indian Enterprise segment.
Bringing Elements Of AI To Enterprise Infrastructure
VIKRAM K SENIOR DIRECTOR, DATA CENTER AND HYBRID CLOUD, HPE INDIA“In current environments, IT departments face a mounting pressure to resolve the most complex and unique challenges plaguing the datacenter which account for 80% of the pain IT is facing today.”
Enabling It With Strategic Business Goals
PRIYABRATA SARANGI CIO, EXIDE INDUSTRIES“As a professional, I have always respected business requirements and priorities which demand delving deep into business processes to create better solutions. Technology partners have played a key role through my journey by helping me innovate. In fact, CtrlS has helped me align IT with my company’s strategic business goals.
Just The Time To Move Away From 'Mobility'
VIKAS GUPTA Head IT, Essar India“While current mobility patterns are based on menu-driven, GUI-based tools; Ubiquitous Computing holds the promise of understanding natural human interactions such as presence, movement, or speech.”
Evolving Face Of Insider Threat
LALIT CHACKO GM – IT INFRASTRUCTURE & SECURITY OPERATIONS, IBM INDIA“It’s time the CIOs, CTOs, CISOs take cognizance of the lurking insider threat from a growing workforce which is, complacent, inept, ignorant, averse to change, working in silos and apathetic to the management”
CDOs Vital To Digital Reinvention Of Enterprises: Accenture Report
IT World Roundup
Tech Talk At NYSE: Devops, Design Thinking And Industry 4.0
The New York Stock Exchange recently welcomed some top Global manufacturing and financial CIOs in order to have a through provoking discussion on emerging technologies and comparison of processes across industries. The tech talk threw some great insights for the manufacturing industry on how to move forward with Industry4.0.
AI And ML: Game Changers For The Enterprises
Artificial Intelligence and Machine Learning are two of the disruptive forces in the industry today. Being in their early stages, they already have the potential to absolutely change the way business decisions are made in the organization.
Blockchain Beyond Bitcoin
Blockchain is perhaps one of the most unconventional new age Technologies out there. The sooner it is brought out of the shadow of Bitcoin and its potentialities explored, the faster the enterprises will benefit from the multiple applications of the distributed ledger technology.
2019 – The Next Phase Of Enterprise Transformation
There is a steady shift of the industry toward solutions that can digitally enhance the workspace while also contributing to business growth which is being influenced by technology trends like Cloud Integration, Diverse needs of a multigenerational workforce, Tightening of the Security Lens and AI making its presence felt across sectors.
