Disrupt or be disrupted
Banking is a prime example of the need for accelerated AI. Our AI 360 research shows that 97% of banks have implemented some form of AI. But, we're at a point where industries can no longer afford for AI to be on the fringes of an organization. It needs to be at its core – as the neural wiring, stitching the organization together. AI's potential to help banks grow revenue, manage risk, enhance customer experiences, drive innovation, and lower cost is too large to ignore.
It's not just banks that need to act. Every business is at risk of becoming an AI laggard as expectations for personalized, seamless user experiences carry over from the consumer to the business world. Enterprises must move from cumbersome legacy systems to more agile, digital technologies to meet their organizational goals and remain competitive.
As an example, AI gives consumer-goods companies an opportunity to get closer to their end customers. At present, retail giants control this relationship. Using AI, consumer goods firms can take back control by interpreting buying signals, spotting trends, and nimbly adapting products and promotions to customer needs. The longer they take to explore AI, the longer retail giants will hold the upper hand and the more time competitors will have to close the gap first.
To realize digital transformation, AI must be a fast-tracked priority for every enterprise. So, without time on your side, how can you accelerate your AI strategy without compromising on quality?