“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: Big Data
IBM’s gobbling up AI companies left and right — and we love it
“Databand.ai is IBM’s fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020. A rapidly growing market opportunity, data observability is quickly emerging as a key solution for helping data teams and…
The industrial data revolution: What founders got wrong
“One place AI has really shined, though, is in content recommendation. It turns out that computers are frighteningly effective at targeting and disseminating content. And oh boy, did we underestimate the incentives and impacts around that aspect of data and AI. As a professor, I’d award it a passing grade, but not an A. There…
Six AI and Big Data Trends in Banking for 2022
“81% of bank and credit union executives believe that unlocking value from AI will be the key differentiator between winning and losing institutions, research by The Economist Intelligence Unit and Temenos found. Appen, a data collector, found that 71% of technologists say that Covid either somewhat or significantly accelerated their AI strategy. And one of…
Report: 50% of execs report improving customer data management is top CX priority
“Companies are struggling to provide a consistent and holistic omnichannel experience for their customers while blending remote and in-person work. As many as 50% of respondents intend to improve management of customer data as their top CX priority over the next 12 months because they recognize that creating the immersive, personalized, and compelling experiences customers…