“DBS Bank has had to cross significant hurdles in its years-long efforts to adopt artificial intelligence(AI), during which it realized success goes beyond figuring out the training models. Data, in particular, proved a major barrier, according to DBS’ chief analytics officer Sameer Gupta. In 2018, the Singapore bank embarked on its journey to leverage AI…
Tag: AI data
Why Do “Data” and “A.I.” Always Go Together?
“At its core, A.I. is an algorithm, which in plain English is a process that takes inputs and produces outputs. Much like your car, which is just a hunk of metal sitting the garage until it has fuel to make it go, an algorithm on its own with no data to process can’t make anything…
AI and Data Strategy: Where Do They Intersect?
“Nitish Mittal, a partner in the digital transformation practice at Everest Group, emphasizes this point: ‘I can’t stress this enough: data or the lack of the right data strategy is the number one bottleneck to scaling or doing anything with AI. When clients come to us with what they think is an AI problem, it…
Catching Up Fast by Driving Value From AI
“Back in 2019, Porter and Thomas decided that the primary focus of the bank’s analytics and AI activity should be customers — hence the “customer insights, data, and analytics” label. Thomas, Lee, and their colleagues felt that improving processes and making better decisions within the bank was the best way to catch up to and…
The Data Paradox: Artificial Intelligence Needs Data; Data Needs AI
“‘A new generation of enterprise analytics is emerging, and it incorporates some degree of both automation and contextual information,’ according to Tom Davenport and Joey Fitts, writing in Harvard Business Review. AI-enhanced analytics systems ‘can prepare insights and recommendations that can be delivered directly to decision makers without requiring an analyst to prepare them in…