* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Should finance organizations bank on Generative AI?

September 29, 2023
in Business
Should finance organizations bank on Generative AI?
Share on FacebookShare on Twitter

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. These conversations are so weighty, they are happening at the boardroom level. 

I get it. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. That’s because generative AI large language models (LLMs) have prowess in text-based generation, readily finding language and word patterns. In the numerically based finance and banking industry, does generative AI have as much application potential?

In short, yes. But it’s an evolution. Finance and banking organizations, however, have plenty of reasons to look at generative AI LLMs, including their deployment in current use cases as well as for future use cases. 

SUBSCRIBE TO OUR NEWSLETTER

From our editors straight to your inbox

Get started by entering your email address below.

Please enter a valid email address

And the finance industry is investing to do so. According to MarketResearch.Biz, the financial services market for generative AI reached USD 847 million in 2022 and is poised to grow at a CAGR of 28.1% during the next decade to exceed USD 9.48 billion by 2032. 

Generative AI challenges

Despite the estimated size of generative AI in financial services, financial organizations that I speak with understand that there are distinct challenges. Most predominantly, these organizations talk about the risks that are an intrinsic part of generative AI technology. At the top of that list are data privacy and security as well as output accuracy.

A lesser-known challenge is the need for the right storage infrastructure, a must-have enabler. To effectively deploy generative AI (and AI), organizations must adopt new storage capabilities that are different than the status quo. That’s because vast, real-time, unstructured data sets are used to build, train, and implement generative AI. Without novel storage solutions, organizations face final-mile issues such as latency that hamper—and in some cases fully halt–generative AI deployment.

New storage solutions must handle those data sets at speed and scale; existing storage was not designed to do so. Instead, AI-enabled infrastructure uses state-of-the-art capabilities like distributed storage, data compression, and efficient data indexing. At Dell, we’ve engineered these AI capabilities into Dell PowerScale and ECS. With the right storage, organizations can accelerate generative AI (discussed in more detail here).

Financial use cases for generative AI and AI

As I work with financial services enterprises to help advance generative AI, here are some of the use cases that are at the forefront of adoption.

Fraud detection and prevention. A foundational competency of generative AI is pattern recognition. In the financial industry, generative AI can be used to identify anomalous transaction patterns in real-time, helping to detect and prevent fraudulent activities.

PayPal is a good example, improving the detection of fraudulent transactions using Intel® technologies integrated into a real-time data platform from Aerospike. Key results included a 30x reduction in the number of missed fraud transactions with a 3x reduction in hardware cost.

Regulatory compliance. In the highly regulated world of finance, generative AI can help produce compliance reports. By automating processes like document verification and customer identity validation, generative AI simplifies practices like anti-money laundering (AML) and know your customer (KYC). 

Financial assistant. Generative AI is a helpful tool for employees of financial services organizations and their customers. It can help generate personalized financial analysis, including credit scores, credit risks, budgeting and savings plans, and tailored investment recommendations.

Automation. Finance is a document-heavy industry, requiring applications, contracts, account statements, and more. Generative AI can automate and streamline these processes and other repetitive tasks such as data entry and reconciliation, helping financial institutions gain operational efficiency.

Customer experience. In finance organizations, the use of generative AI-powered chatbots and virtual assistants can elevate customer experiences. By providing 24/7/365 support with lesser hold time, generative AI can cover customer questions within the context of personalized, account information and improve the overall customer experience. 

Financial services 

Financial services organizations are adept at technology innovations. For years, the industry has embraced AI, and deployments are now being greatly accelerated by generative AI. The operational efficiencies and advanced intelligence to support financial services employees and their customers are clear benefits. 

As an industry that understands how to proactively manage risks, I’m confident that generative AI will be unleashed across the financial services industry and fuel many positive transformations to improve business outcomes. I consider myself very fortunate to work with many of these organizations and help usher in our new era of generative AI.

Read my related article about accelerating generative AI here.

Artificial Intelligence | Dell USA

AI in Financial Services – Intel

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CIO – https://www.cio.com/article/654068/should-finance-organizations-bank-on-generative-ai.html

Tags: businessFinanceShould
Previous Post

Embrace the Generative AI revolution: a guide to integrating Generative AI into your operations

Next Post

AusMumpreneur of the year: Samantha Miklos’ inspiring story

Too much of a green thing – Economy and ecology – ips-journal.eu

Striking the Balance: Navigating the Intersection of Economy and Ecology

June 6, 2025
Why Resident Alien’s showrunner trapped Alan Tudyk in his human form – Polygon

Unveiling the Mystery: How Resident Alien’s Showrunner Keeps Alan Tudyk Grounded in His Human Role

June 6, 2025
Weed Science Society shares funding cut concerns with lawmakers – Brownfield Ag News

Weed Science Society shares funding cut concerns with lawmakers – Brownfield Ag News

June 6, 2025
Afrimaxx – Modern African Lifestyle – DW

Afrimaxx – Modern African Lifestyle – DW

June 6, 2025
World Energy Investment 2025 – Analysis – IEA – International Energy Agency

Unlocking the Future: Insights from the 2025 World Energy Investment Report

June 6, 2025
Trump’s attacks on international student enrollment could ultimately shake the economy – CNN

Trump’s attacks on international student enrollment could ultimately shake the economy – CNN

June 6, 2025
After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

June 6, 2025
Argenx joins NBC health marketing platform to produce CIDP reality show – Fierce Pharma

Argenx Teams Up with NBC to Launch Groundbreaking CIDP Reality Show!

June 6, 2025
Liberal Lee Jae-myung wins South Korean presidency, ending months of political turmoil – NBC News

Liberal Lee Jae-myung wins South Korean presidency, ending months of political turmoil – NBC News

June 6, 2025
U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

June 6, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (672)
  • Economy (686)
  • Entertainment (21,592)
  • General (15,267)
  • Health (9,727)
  • Lifestyle (689)
  • News (22,149)
  • People (687)
  • Politics (693)
  • Science (15,904)
  • Sports (21,189)
  • Technology (15,671)
  • World (671)

Recent News

Too much of a green thing – Economy and ecology – ips-journal.eu

Striking the Balance: Navigating the Intersection of Economy and Ecology

June 6, 2025
Why Resident Alien’s showrunner trapped Alan Tudyk in his human form – Polygon

Unveiling the Mystery: How Resident Alien’s Showrunner Keeps Alan Tudyk Grounded in His Human Role

June 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version