UBS’ Post

Michael Chui, a Partner at McKinsey Global Institute, emphasizes the universal potential of Artificial Intelligence (AI) in enhancing the performance of any industry or business function. He highlights that AI can improve efficiency, decision-making processes, and overall operations across diverse sectors. However, he also underscores that realizing the full benefits of AI is not a simple task; it involves a strategic journey. Businesses need to take proactive steps in various areas, including acquiring the right talent skilled in AI technologies and ensuring the implementation of advanced technology solutions. The quote emphasizes the importance of a holistic approach, integrating talent and technology, to successfully harness the power of AI and achieve optimal performance enhancements in any industry or business function. #AIInnovation #DigitalTransformation #FutureofBusiness #AIImplementation #BusinessPerformance #TechAdvancements #StrategicJourney #DataDrivenDecisions #FinTech #Embeddedfinance #BaaS

AI implementation in compliance requires strategic decision-making, understanding its impact, maintaining inventory, cost efficiency, risk avoidance, involving all sectors, and better data usage. Balancing exploration and rules, selecting appropriate tools, and staying updated with AI developments are key challenges. Companies can use AI to enhance compliance programs and stay ahead in the evolving regulatory landscape. 🤔 What are the three takeaways from Day 29 of 31 Days to a One Month to a More Effective Compliance Program? 🎧Tune in here: https://bit.ly/3ua5mRw to find out. #Compliance

1-Proactive Regulation: Urging for regulations that are as nimble as AI itself, embracing innovative strategies. 2-Balance of Innovation and Risk: Striking the right chord between fostering innovation and mitigating risks to avoid stifling progress. 3-Urgency for Action: Emphasizing the need for a swift response to harness AI's benefits responsibly. 🤖 Flexibility is Key: Regulations should be as dynamic as AI, capable of adapting to its evolutionary twists and turns. 🌐 Engage the Public: Building trust through transparency and involving the public in the regulatory dialogue is non-negotiable. 🤝 Global Synergy: International collaboration is the cornerstone. Developing global standards ensures a cohesive and effective approach to AI regulation. #AIRegulation #TechEthics #InnovationWithResponsibility #artificialintelligence #machinelearning #AI

Will AI turbocharge US outperformance? That’s the question we are asking in our latest Global Equity Strategy report. Some of our initial thoughts… 🤖 It’s possible that the market is underestimating the long-term benefits many sectors could see from AI adoption. 📈 Faster AI adoption could result in higher revenue growth and elevated margins due to the cost efficiencies of relatively lower labor costs. 🏆 There are a number of reasons why AI could sustain US exceptionalism. Swipe through the slides below to find out what those reasons are 👇 FULL REPORT 👉 https://lnkd.in/g6SZqYqQ Questions? Just [email protected] #HSBCResearch

The rapid growth of Generative AI promises innovation and value creation and is revolutionizing business operations by optimizing tasks, enhancing human capabilities, and fostering innovation. It has demonstrated remarkable results in various fields, including Marketing & Sales, IT & Engineering, Risk & Legal, Research & Development, and Operations. ⏬Discover more #benefits of using #GenerativeAI in the comments section below.

With only 30% of technology investments delivering on expected benefits, it's crucial to get beyond the hype and understand that it's never just about #tech. Technology can fulfill its transformative promise only when strategy, culture, and capabilities meet execution and delivery. In this video, McKinsey & Company's Louise Herring, leader of QuantumBlack, AI by McKinsey in the UK, Ireland, and Israel, explains why why organizations should take a human-led approach to capture the full value of #technology investments: https://lnkd.in/eScKU_bB To learn more about current rates of #AI adoption, the risks presented by #genAI, and emerging practices of top performers to mitigate challenges and capture value, read our latest survey on the state of artificial intelligence: https://lnkd.in/eDJSXDAH #LiftingEuropesAmbition #NeverJustTech

It’s always a happy day when my article goes to print in the Hong Kong Economic Times. The latest issue discusses investing in AI. For most investors, failing to give thoughts to the AI theme would be a mistake. From a macro perspective, technology is the only sustainable driver of productivity gain, which in turn determines potential growth and neutral interest rates. Bottom-up investors will find a wide range of opportunities that facilitate, harness or are disrupted by the use of AI. Visibility varies greatly and the interplay between expectation and reality is oftentimes fluid. https://lnkd.in/gpiwK59U

93% of global companies plan to increase #AI investment in the next year. Is your brand on top of the best way to apply the #technology? 👀 We conducted a global study on the impact and potential of #GenAI to get a better understanding of its potential as well as how to ethically apply the #tech for business. Get the full free report of our findings here: https://okt.to/AHkSJc

In the Industry 4.0 era, artificial intelligence is driving transformative changes in the industrials sector, enhancing efficiency, and enabling innovation. While partnerships are key to unlocking AI's potential, they come with risks, especially related to product quality and ethical considerations.   Our report, AI governance: Balancing policy, compliance and commercial value, dives into the challenges ahead of industrials companies trying to navigate the AI adoption. Download your copy here: https://lnkd.in/eaDcrA8R #AIGovReport #AIReport #AIInnovation #DigitalTransformation