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 […]
Tag: artificial intelligence
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 […]
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 […]
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 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 […]
In today’s rapidly evolving world, organizations across various sectors are recognizing the transformative potential of introducing innovation into their governance processes. The traditional methods of governance, often characterized by bureaucratic hurdles, delayed decision-making, and limited stakeholder engagement, no longer meet the demands of the modern era. However, by harnessing the power of modern technology, organizations […]
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 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. […]
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 […]
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. […]
Consulting, like many other industries, is under threat from artificial intelligence (AI) and machine learning (ML). AI refers to a range of technologies that allow computers (or robots) to perform tasks commonly associated with intelligent beings. ML plays an important part in building AI systems, and refers to the study of algorithms that improve with […]
Artificial intelligence (AI) is no longer the stuff of science fiction. Stanford Professor Andrew Ng has stated that “AI is the new electricity”.[1] In other words, it is a technology that has the potential to completely transform every major industry. Similarly, Executive Chairman of Alphabet Eric Schmidt has declared that “we are in the process […]
Last week we introduced how artificial intelligence is defined as well as how it is currently being used in the medical arena. This week, in the second installment of this two-part series, we will consider the potential future role of artificial intelligence (AI) in healthcare. Introduction Recently, the American Medical Association (AMA), published a policy […]
Digital disruption is touching every aspect of the consumer market, including the insurance industry. Traditionally, the insurance industry has lagged behind other sectors in the shift into digital technologies, its business model proving to be remarkably resilient. But it too is beginning to feel the effect of digital, as its slow-to-adapt mentality puts it at […]
This two part blog series will delve into arguably the two most important vowels in healthcare: A-I. This first part will discuss what artificial intelligence (AI) is and how it is currently being used to improve clinical care, while part 2 of this series will take a peek into what the future holds for AI. […]
At the CES 2018 held in Las Vegas, Steve Koenig, Senior Director of Market Research at Consumer Technology Association, presented on tech trends to watch. Outlining the big picture, he described 2018 as the beginning of the “data era of consumer tech”, with the heralds of that coming age being 5G, AI, and AR. While […]
The rise of artificial intelligence has received widespread discussion in recent times and has been predicted to play a huge role in business and financial institutions in 2018. However, its impact is likely to go well beyond the business world with AI expected to play an important role in international relations and warfare. The rise […]
There are few responsibilities we have at work that won’t be handed over to computers and automatons in the decades to come, but one skill that will never be fully devolved to the robots is emotional intelligence. Every encounter you have at work is defined by the emotional intelligence of those involved. Even when you […]
Striding along Omotesando Street in Harajuku, Tokyo in summer 2 years ago, I came across Pepper, an emotionally intelligent humanoid robot created by Softbank Robotics Holdings Group (SBRH) in one of its more grandiose Softbank Mobile stores. She greeted and guided customers through the shop. She danced to requests and wittily answered customers’ questions on […]
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Understanding Intelligence
Understanding the mechanism that underlies intelligence could have big implications for economics, business and finance. The below TED Talk is worth watching.