Effective use of AI in Banking will separate the leaders from the languishers - ERP Spain.com - España y América Latina

It’s clear that the use of Artificial intelligence and machine learning is set to have widespread impact for banking institutions. Many organizations are already leveraging its power to create personalized self-service, robotic advisors, fraud prevention, risk assessment and of course a huge potential to reduce costs. But already, many organizations have failed in their AI initiatives because they assumed it would provide a silver bullet which it does not. It requires the same thought and planning as any other strategic initiative and even more care and attention into the data that you leverage to educate and train your AI. Learn how to avoid the mistakes of others by ensuring you have an effective plan, the right organization structure and most importantly the right data management to make your AI initiatives fly. Providing your organization with significant cost savings, better customer experience and the ability to disrupt your competition.