CEO's, Executive teams, Boards on the fence about gen AI, get on with it! Identify two, or three high impact use cases and get on with it. Your employees and customers deserve it. Enjoy these insights! #genAI #commercialbanking #Fintech
David Harris’ Post
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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.
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Strategic Portfolio Management | Transformational Projects for (Social) Impact | International Experience in Diverse Sectors
‘McKinsey research shows that gen AI could enable automation of up to 70 percent of business activities, across almost all occupations, between now and 2030, adding trillions of dollars in value to the global economy.’ Something we should be proactive about in setting up our business case to embed and embrace the use of Gen AI and upskill staff to do so and free up capacity at workplace.
The organization of the future: Enabled by gen AI, driven by people
mckinsey.com
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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
Finding value in generative AI for financial services
technologyreview.com
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🚀 Generative AI is set to revolutionize financial services, with the potential to add $340 billion annually. Already, 78% of executives are exploring its benefits. #GenAI #FinancialServices However, challenges remain—only 10% of use cases scale effectively, and 51% of executives struggle to quantify the benefits, with 43% citing high costs. #AI #TechChallenges GenAI can transform the industry by boosting efficiency, improving operations, enhancing security, and driving next-gen innovation. To unlock its full value, focus on value chain analysis, setting KPIs, and modernizing data platforms. #Innovation #CustomerExperience #DigitalTransformation Learn More 👉 http://spr.ly/6048YYk6j
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We continue our series on exploring 2024 priorities for the Controller and Finance organization. In my prior posts, we explored 4 topics shaping the agenda for 2024 and double clicked on relationships with the Audit Committee and C-Suite. In this post, we will explore the topic of owning the Tech Agenda. In PwC's Global Survey of CEO's, over 60% of CEO's noted that the AI revolution is underway. What role should the Controller's organization have in shaping the AI agenda? Having a seat at the table as the organization plots its next steps on AI and being versed in the 'art of the possible' could help shape the conversation. Learn more about PwC's 2024 AI Business Predictions and message me to have a deeper conversation on remaining relevant in the AI discussion. https://lnkd.in/e5bz4AAa
2024 AI Business Predictions
pwc.com
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CNBC's Michelle Fox spoke to Farther Co-Founder & CTO Bradley Genser about generative AI transforming how wealth management firms do business, as well as the way Farther is disrupting the industry: combining expert #advisors with #AI to best serve our clients. “If you don’t build the technology, along with the human processes, and you don’t control both, you end up with something that’s incomplete. If you do it together, you’re building people processes and technology together, then you get something that’s greater than the sum of its parts.” Read more about the powerful impact that Farther’s emerging technology is having on the wealth management industry here. #gofarther #wealthmanagement #wealthtech #financialadvisor #teamfarther
Generative AI has landed on Wall Street. Here's how it can help propel 'massive' revenue growth
cnbc.com
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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
Finding value in generative AI for financial services
technologyreview.com
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Traditional methods of fostering creativity, efficiency, and decision-making often prove time-consuming, resource-intensive, and susceptible to human error, hindering businesses from realising their full potential in a fiercely competitive market. 🔹 Generative AI presents a revolutionary solution, empowering businesses to unleash creativity, boost efficiency, and make data-driven decisions with unprecedented speed and precision. 🔹 Explore how Generative AI can transform your business, unlocking fresh opportunities, driving sustainable growth, and shaping the future of your industry. Embrace innovation and future-proof your business with Generative AI today! #Brandcrea #GenerativeAI #BusinessInnovation #Efficiency #Creativity #DataDrivenDecisions #FutureProof #TransformYourBusiness
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JUST RELEASED Generative AI in the capital markets industry will have a tremendous impact on everything from wealth management, to staff engagement, to automated operations, to financial crime and compliance. The Generative AI Use Case Taxonomy for the Capital Markets Industry is a deep dive into the business and IT areas in the industry that will be transformed in the next 5 years. Follow IDC to gain strategic insight through the analysis and advice of adopting technologies like GenAI and their impact to financial services. IDC
Generative AI Use Case Taxonomy, 2024: The Capital Markets Industry
idc.com
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Last week, NAX CEO Jeff Schumacher spoke at the World Economic Forum's AI in Financial Services Workshop in London, engaging with financial services executives from leading global companies. He highlighted the transformative potential of AI to convert data into a tangible asset on the balance sheet, driving financial innovation and facilitating progress towards ESG objectives amidst evolving regulatory demands. However, realizing this potential requires companies to possess not only the right technology and methodology but also the necessary talent. Ready to explore how AI can drive growth in your industry? Connect with us to explore possibilities. #WEF #AI #innovation
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