“The McKinsey Global Institute estimates that among industries globally, gen AI could add the equivalent of $2.6 trillion to $4.4 trillion annually in value across the 63 use cases it analyzed.2 Among industry sectors, banking is expected to have one of the largest opportunities: an annual potential of $200 billion to $340 billion (equivalent to…
Tag: Data
Composable Solutions Enables Scaleable Digital Evolution
Jim Marous and I recently recorded this for the Banking Transformed podcast… “On today’s Banking Transformed podcast, I’m thrilled to be joined by Brandon McGee, Chief Digital Strategy Officer at A+ Federal Credit Union, who is spearheading their ambitious efforts to reimagine members’ digital experiences. Brandon has a 30-year legacy in banking and technology, having…
Companies Urged to Prioritize Data Management for Successful Generative AI Implementation
“‘Managing data is the most important action a business can take to successfully implement generative AI. To effectively manage data, leaders must use data governance strategically and invest in a strong culture now more than ever.’ This assertion underscores the critical role that data management plays in the journey towards realizing the full potential of…
DBS Bank uncovers big data challenges with AI use – and solutions, too
“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…