Artificial intelligence (AI) is transforming industries across the globe, and banking is no exception. The adoption of AI is revolutionizing banking products, enabling financial institutions to offer personalized service, increase efficiency, and enhance security. This article explores the impact of AI on banking products, and the innovations being driven by this technology. What is artificial […]
Category: Technology
Technology has revolutionized nearly every industry, and healthcare is no exception. Over the past decade, the integration of technology into healthcare has transformed how we diagnose, treat, and manage health conditions. From telemedicine to wearable devices, health-tech innovations are not only improving patient outcomes but also making healthcare more accessible and efficient. This article explores […]
Artificial intelligence (AI) is no longer the exclusive domain of large corporations. Small businesses are increasingly tapping into the power of AI to drive growth, enhance efficiency, and improve customer service. However, adopting AI is not without its challenges. This article examines how AI is affecting small businesses and discusses the hurdles that need to […]
While Gen AI holds big promise for banking, most of the current deployments are limited to just a few areas or don’t go beyond the experimental phase. Though early pilots appear impressive, it will definitely take time to realize Gen AI’s full potential for the banking industry. Leaders in the banking sector must address significant […]
Open banking is transforming the financial industry, promising greater transparency, competition, and innovation. The European Union, which looks set to introduce updated rules about digital payments and financial services within the next two years, is at the leading edge of regulating open banking. This could enable Europe to bolster competition and accelerate innovation in its […]
As the financial services industry increasingly recognises the transformative potential of Generative Artificial Intelligence (Gen AI), many institutions are beginning to implement these tools in various capacities. Despite many current applications being small-scale pilot projects, the promise of Gen AI to revolutionise banking operations and enhance customer experiences is becoming clear. This article delves into […]
Artificial Intelligence has become a transformative force in the finance industry, revolutionizing how financial institutions operate, make decisions, and interact with customers. From enhancing risk management and fraud detection to optimizing trading strategies and personalizing customer experiences, AI is reshaping the financial landscape. This article explores six (6) ways AI is being integrated into finance […]
When it comes to tech innovations, the banking sector is usually ahead of the curve. This is especially true for Generative Artificial Intelligence (Gen AI), the deep-learning tech that can generate human-like text, images, videos, and audio. It can even synthesize data for training other AI models. Banks are buzzing with excitement over Gen AI, […]
The financial industry has undergone a seismic shift over the past decade, driven by advances in technology and regulatory changes. One of the most significant regulatory changes in the U.S. is the introduction of Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as CFPB 1033. This regulation is designed […]
Artificial intelligence is rapidly transforming industries worldwide, and consulting is no exception. The integration of AI into consulting practices offers significant potential benefits, enabling firms to provide deeper insights, improve efficiency, and deliver more value to clients. As AI continues to evolve, its potential in consulting becomes increasingly apparent. PwC, one of the Big Four, […]
Within the competitive world of consulting, staying ahead of the curve is vital. Artificial Intelligence (AI) is a transformative force that is reshaping the way consultants deliver insights and value to clients. Some examples of AI automation tools include ChatGPT, Google Bard, and Fireflies. AI-powered tools can enable management consultants to analyse vast data sets, […]
In today’s fast-paced world, technology apps have become a go-to solution for many problems. Whether you’re a business owner, an entrepreneur, or an individual with a specific need, creating your own app can be a game-changer. Thanks to the rise of no-code and low-code development platforms, you don’t have to be an expert programmer to […]
Are you an iPhone user? If you are, then it is very probable that you also own an iPad, a MacBook, and Airpods. Do you frequently order from Amazon? If so, it is reasonable to assume that you own an Alexa homekit and a Kindle e-reader too! Apple’s and Amazon’s product lines are showcase examples […]
In the ever-evolving world of finance, where data analysis and informed decision-making are vital, the emergence of artificial intelligence has proven to be a transformative force. One particular facet of AI that is revolutionizing the finance industry is natural language processing, which leverages AI and machine learning algorithms to extract valuable insights from vast volumes of […]
Artificial intelligence has emerged as a powerful tool in transforming various industries, including renewable energy. By harnessing the potential of AI, companies can optimize the integration and management of clean technologies, leading to increased efficiency, cost savings, and environmental sustainability. Consulting firms play a crucial role in guiding businesses through the integration of AI-powered renewables […]
In an era marked by growing environmental concerns and shifting consumer expectations, clean tech has emerged as a critical driver of business success. Beyond its undeniable environmental benefits, clean tech also offers businesses a source of significant cost savings, competitive advantage, and long-term sustainability. As businesses increasingly recognize the potential of clean tech, consulting firms […]
In Lewis Carroll’s novel Through the Looking-Glass the Red Queen tells Alice, “it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!” In today’s fast-paced business environment, the Red Queen’s warning rings frighteningly true. […]
National governments are currently in the process of crafting economic policy with a strong environmental focus. Government incentives for investment into renewable energy sources, such as subsidies and tax credits, are becoming an increasingly popular way for governments to meet national pledges to reduce greenhouse gas emissions. In this context, businesses and individuals alike have […]
In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. One technology that is revolutionizing the business landscape is artificial intelligence (AI). From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth. In this […]
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The Summer of AI and Consulting
A poem in six stanzas Shall I compare AI to a summer’s day? It’s bright and warm, like the sun’s rays. But AI is more than just a season, It’s a tool for consultants, with the power to reason. It helps them solve problems, with its computational might, And brings shrewd insights, that shine so […]
This is the seventh of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]
This is the sixth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]
This is the fifth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]
This is the fourth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]
This is the third of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]
This is the second of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]
This is the first of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]
In the past two decades, Tesla, Inc. has disrupted the auto industry and established itself as a leader in sustainable energy. Founded in 2003 by CEO Elon Musk, the company has rapidly expanded its offerings from luxury electric vehicles (EVs) to renewable energy solutions, positioning itself at the forefront of the transition to a low-carbon […]
As a strategy consultant at a boutique management consulting firm, I am always on the lookout for new tools that can help organizations become more efficient, effective, and innovative. Recently, I came across ChatGPT, a new chatbot developed by OpenAI that utilizes a powerful language processing model known as GPT (short for “Generative Pre-training Transformer”). […]
Microsoft’s recent announcement to invest $10 billion into OpenAI is a significant move that demonstrates the company’s commitment to advancing artificial intelligence (AI) research and development. This move highlights the growing importance of AI in the business world and its potential to drive innovation and growth. At the same time, the investment is not without its risks. […]
Web 3.0 is the next big thing in the technology space and something which will bring a revolution on the internet, but how and when this will unfold remains to be answered. As we transition into a Web 3.0 world with technologies like blockchain and non-fungible tokens (NFTs), consumers will enjoy better data security, transparency, […]
Governments, businesses, and individuals are developing new use cases for blockchain as barriers to adoption continue to decrease. Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. Blockchain looks set to be deployed in many other industries. The technology adds value by enabling […]
In this article we will provide a beginner’s guide to the Ethereum blockchain. What is Ethereum? What challenges does it face? 1. What is Ethereum? The purpose of Ethereum boils down to the transfer and storage of money and data. According to Ethereum.org, Ethereum is a “technology that lets you send cryptocurrency to anyone for a […]
The effects of the pandemic have exposed faults in the structure of healthcare systems. To date, more than 5.9 million people around the world have died due to COVID-19. Although lack of funding is a significant factor that needs to be addressed, the non-resilience of many countries’ health systems to this unforeseen calamity is a crucial […]
Figure 1: Innovations from NASA will help the US meet its sustainable aviation goals Aerospace is one of the fastest growing markets. While both the size of the market and its growth rate are both large, so is its carbon footprint. While electric vehicles are already replacing conventional automobiles, no electric aircraft is ready for […]
Blockchain technology is making a strong impact in the finance industry due to the fact that it enables decentralization and direct peer-to-peer transactions. Removing the financial intermediary, i.e. the bank, can increase convenience, efficiency, and security. Direct peer-to-peer transactions can be settled instantly compared with interbank transfers that traditionally take several days. Transaction fees can […]
With the emergence of cryptocurrencies in 2009, the financial industry has experienced major disruption. This invention acted as a catalyst for many subsequent innovations, which came about by building on the revolutionary blockchain technology, or by reacting to it. A prime example for this phenomenon are Central Bank Digital Currencies (CBDCs). As opposed to cryptos, […]
Cryptocurrencies are some of the hottest commodities among investors, and also the subject of heated debate. While some of the most respected investment banks, such as JP Morgan, are investing heavily into blockchain technology, Chairman of the U.S. Securities and Exchange Commission Gary Gensler has often vocalised his scepticism towards cryptos as an inflated speculative […]
Skyrocketing energy prices in the wake of the post-pandemic economic recovery has been all over the news, and for good reason. The rising cost of energy feeds into the pricing of all goods, causing inflation globally. What is more, these market trends have tremendous geopolitical significance, since the price of oil and other hydrocarbon-based products […]
Energy transitions occur from time to time, due to the discovery of new energy sources such as coal or due to policy changes, such as France’s embrace of nuclear energy. However, no transition is likely to be as fast paced and forced as the shift to clean energy, required to keep global temperatures from rising […]
The online gaming industry is one of the few areas that have thrived throughout the lockdowns and restrictions of the pandemic. According to ESPN, when the entire casino industry was forced to close in March 2020, those who wanted to play poker or slots shifted their attention towards online games. This resulted in a large […]
5G networks are a promising wireless technology that online bookmakers and sports betting operators should factor into their business strategy. Once implemented, this technology offers the potential to serve more sports betting enthusiasts. It will also enable new product development with sportsbooks being able to offer customers new services – such as multiplayer and interactive […]
I have recently been asked questions on how pioneering inventions will interact with government regulation in multiple consultancy interviews. Cryptocurrency, electric and self-driving cars, 5G bandwidth, and the Internet of Things represent some of the technologies with the greatest market potential for the upcoming decade, and so making predictions on how they will develop is […]
Non-fungible tokens (NFTs) have caught people’s attention. For those interested in collecting original digital assets, NFTs have become the new way to legitimize ownership of anything that can be digitized. An asset is fungible if one unit can be directly exchanged for any other unit of the same asset. In other words, each unit of […]
Like it or not automation is coming In the past decade, robots have made drastic improvements in terms of the tasks they can perform. From military grade and industrial robots to household ones, there is no doubt that many of our daily tasks will eventually be performed by them. Although Tesla had to pull back […]
In the previous two articles, we explored the questions ‘what is digital currency?’ and ‘what is the value of digital currency?’ In this article, we will examine the potential risks. Why are some people hesitant about digital currency? What could go wrong? In outlining the potential risks of digital currency, we are not making predictions […]
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What is the value of digital currency?
In the previous article, we explored the question ‘what is digital currency?’ In this article, we will examine the value of digital currency. Why would anyone want to use one? What benefits do they bring? Digital currency derives its value primarily from confidence. If people have faith that the currency will be accepted by others, […]
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What is digital currency?
Since the advent of Bitcoin in 2008, digital currency has been a growing trend and a growing area of interest for consultants, businesses, fintech investors, central banks, and governments. In this article series we will explore three basic questions: What is digital currency? What is the value of digital currency? What are the potential risks? […]
Augmented reality operates by transforming data and analytics into information and images which are overlaid on the real world. Although the term ‘augmented reality’ wasn’t coined until 1990, augmented reality actually dates back to 1968 when Ivan Sutherland developed the first head-mounted display that allowed users to view computer-generated graphics. Augmented reality has been designed […]
Overview As technology is continuously crafted to simplify the daily tasks in our lives, it is no surprise that peer-to-peer (P2P) mobile payments have revolutionized the way we spend and transfer money. The market demand for these payment systems has been monumental, as the ability to pay friends and family was previously inefficient and had […]