VentureBeat December 15, 2019
Artificial intelligence has the potential to revolutionize financial services. According to the MIT Sloan and Boston Consulting Group’s 2019 Global Executive Study and Research Report, 90% of respondents agree that AI represents a business opportunity for their companies. Firms are investing heavily in AI capabilities, but few have a clear vision for their adoption strategy or a process for prioritizing projects, running experiments, and implementing AI on an enterprise-wide basis.
A recent survey conducted at the SIFMA Operations conferences earlier this year of over 200 representatives from banks, asset managers, broker-dealers, consultants, and regulators indicated that 78% do not have AI initiatives in production, and 20% are unsure or have no plans to do something in AI.
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