Romone Alexander-Simpson’s Post

AI can deliver significant business impact, but companies can maximize its value by taking an end-to-end approach. Weaving together strategy, process redesign, and human and technical capabilities, we create the fabric of an AI-driven organization, enabling the outcomes that drive businesses forward. AI is one of the key attributes shared by future-built companies that excel across financial and nonfinancial measures.Getting the roles, responsibilities, and culture right is just as important as perfecting the algorithms. As generative AI democratizes artificial intelligence—enabling companies without a deep bench of data scientists to use and benefit from the technology—this end-to-end approach will be crucial to gaining a competitive edge.

#UnintendedConsequences: The explosion of generative AI is forcing data and analytics leaders to focus on defensive risk, regulation and compliance, often at the expense of growth, customer acquisition, and innovation.

Excited to share that I had the privilege of being interviewed by Bloomberg’s Caroline Hyde and Edward Ludlow! 🎙️ During our conversation, we delved into the transformative potential of AI. Here's a sneak peek into what I believe AI will change: 🔍 Search/Synthesis of Information  🖋️ Content/Asset Creation  🧠 Decision Making/Taking Action These core work behaviors are on the brink of a revolution thanks to AI. We'll see AI making significant strides in streamlining simple, repeatable processes like Customer Support and Data Analysis before moving into more complex business domains. But what about non-AI and consumer-focused companies? Will AI change the way they run? My answer: ABSOLUTELY! The key to success isn't about whether a company is or isn’t leveraging AI - it's about delivering solutions that genuinely work for your customers. This universal truth transcends technology. I believe that some of today's emerging companies will become the iconic giants of the next generation. 🌟 If you want to read everything I shared with Bloomberg, I’ll link to the full interview in the comments below. 

#UnintendedConsequences: The explosion of generative AI is forcing data and analytics leaders to focus on defensive risk, regulation and compliance, often at the expense of growth, customer acquisition, and innovation.

Financial services are on the brink of a revolution with generative AI! 🌐 While the journey to harness its full potential presents hurdles, the promise is huge. McKinsey forecasts a staggering $2.6-$4.4 trillion annual economic boost, with banking poised for major gains. This tech is not just about cutting costs; it's redefining efficiency and opening doors to innovative solutions in areas like asset selection and risk assessment. However, the road ahead includes navigating legacy tech, talent acquisition, and regulatory landscapes. Let's discuss how we can unlock this value together. #GenerativeAI #FinancialInnovation #GenAIPartners 🔗 Read more: https://lnkd.in/e_YNwU5T

Financial services are on the brink of a revolution with generative AI! 🌐 While the journey to harness its full potential presents hurdles, the promise is huge. McKinsey forecasts a staggering $2.6-$4.4 trillion annual economic boost, with banking poised for major gains. This tech is not just about cutting costs; it's redefining efficiency and opening doors to innovative solutions in areas like asset selection and risk assessment. However, the road ahead includes navigating legacy tech, talent acquisition, and regulatory landscapes. Let's discuss how we can unlock this value together. #GenerativeAI #FinancialInnovation #GenAIPartners 🔗 Read more: https://lnkd.in/gGbn3m3e

🚀 Unlocking AI Potential in Finance: Beyond the Buzz 🔍 Exploring the Simplicity of AI: Generative AI may be the buzz, but AI's impact can be remarkably simple for end-users. Chatbots, dating back to Eliza in 1966, illustrate the simplicity of AI-human interactions. 🤖 Evolution of Chatbots: From Eliza to Erica (Bank of America's chatbot in 2018), chatbots have evolved. Michigan State University Federal Credit Union's chatbot handled 45,000 monthly conversations in 2021. 🌐 AI in Financial Services: Beyond customer interactions, AI operates behind the scenes. Applications include fraud detection and HR assistance in talent acquisition. 🌟 Report Highlights: Sponsored by Microsoft Corp., the report delves into AI opportunities in the financial sector. Emphasizes identifying the "next best action" through AI for predictions and decisions. 💡 Advice for Financial Institutions: Start with small AI projects and collaborate with partners for execution. According to Daragh Morrissey (Microsoft Worldwide Financial Services), avoid building everything in-house. ⚖️ Regulatory Considerations: Financial Stability Oversight Council (FSOC) acknowledges AI's impact on financial system safety. Recommends deepening expertise to monitor AI innovation and identify emerging risks. 🔗 Report's Role: Essential resource for understanding AI's role in finance. Encourages leveraging insights to develop real-world approaches in the evolving AI landscape. 🚀 Stay Informed, Join the conversation, and Embrace the AI Realities! #AIinFinance #Chatbots #FinancialInnovation #MicrosoftAI #TechTrends

Artificial intelligence has been sweeping headlines for the past year. But why are investors so excited about the ‘new’ technology and how do they invest in it? Here’s an explainer on why AI is so popular at the moment and how investors are reaping rewards from its growth. https://lnkd.in/ekYWSXXd #AI #Artificialintelligence #investing #stocks #technology #solutions

Artificial intelligence has been sweeping headlines for the past year. But why are investors so excited about the ‘new’ technology and how do they invest in it? Here’s an explainer on why AI is so popular at the moment and how investors are reaping rewards from its growth. https://lnkd.in/eCx_QPzn #AI #Artificialintelligence #investing #stocks #technology #solutions

Fact: AI-powered stock trading strategies outperformed the S&P 500 by 24% in 2023. 🤖💰 As AI algorithms become increasingly sophisticated, they are transforming the investment landscape. Analysts can now leverage AI to rapidly analyze vast datasets, identify patterns, and make smarter, data-driven stock picks. This is where Docspark shines. Our AI-powered document analysis tool helps businesses stay ahead of the curve by quickly extracting key insights from financial reports, earning transcripts, and other critical documents. By automating this process, Docspark frees up your team to focus on high-impact investment decisions. Tip: Businesses should explore how AI can streamline their financial analysis and decision-making. Try Docspark to see the power of AI in action and gain a competitive edge in the market. #AI #fintech #stocktrading #docspark #financialanalytics Want to see more ways Docspark can help your business harness the power of AI? Check out our website: https://lnkd.in/dkHGN8-m