Artificial Intelligence (AI) and its impact on business strategies is one of the hot topics which cannot be underestimated. I asked myself how to digg deeper and took the opportunity to work with 500 executives at MIT Sloan CSAIL.
Coming from the financial sector I wrote a business case transforming a bank deploying AI.
#OPENESS2020 – #Banking4.0 Roadmap to unleash untapped values. 600 years ago, people invented banking. 60 years ago, Artificial Intelligence (AI) was born and machines began learning via neural networks.
Now computing power, machine learning and big data make collective intelligence within reach. Machines become #virtualassistants, peers or managers with speed, capability and accuracy.
A powerful partnership combining artificial intelligence, i.e. analytic prediction, with human intelligence, i.e. reasoning, creativity, communication and social skills.
Untapped values will be unleashed exploiting data pools serving our clients while building the smart bank of the future. Success will not come easy.
It requires strategic investment in people and technology for several years. Cautiousness today puts the business model at risk!
To: CEOs, CIOs, CDOs: Read this business case to transform your bank.