“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: Digital Transformation
American banks dominate AI transformation race
“‘Maintaining a ‘wait and see’ approach to AI innovation looks increasingly risky given the pace at which the leaders are accelerating away from the rest of the field,’ Annabel Ayles, co-founder and COO of Evident, said by email. ‘While AI innovation comes at a cost, it is cheap if measured as the cost for survival,’…
Generative A.I. will upend the workforce, McKinsey says, forcing 12 million job switches and automating away 30% of hours worked in the U.S. economy by 2030
“For those who remain in their current jobs, the nature of their work will change dramatically as 30% of their work hours will be automated away by generative A.I. ‘It is important to note that automation adoption is not the same as eliminating jobs,’ the report says. ‘Many jobs with some automatable tasks will remain,…
What Banking and Tech Leaders Are Saying About Generative AI
“Generative artificial intelligence is just a fad. Or it’s a game-changer. You aren’t moving quickly enough with AI. Or you can’t move quickly because it’s dangerous. Really, what the heck is everybody saying about this increasingly versatile and seemingly ubiquitous technology? Here’s a sampling of perspectives from across the industry.” https://thefinancialbrand.com/news/data-analytics-banking/artificial-intelligence-banking/what-banking-tech-leaders-say-about-generative-ai-165011/
How Would Generative AI Be Used in Banking? | Bain & Company
“Explore the use cases with the highest potential in the banking sector.” https://www.bain.com/insights/generative-ai-banking-interactive/