Why AI Is finally catching up with financial services

Generative AI has the potential to reshape entire industries and how they operate, and financial services stand out as uniquely poised for AI-driven transformation. McKinsey & Company calls generative AI the next frontier for productivity, estimating that analyzing natural language text -- a core generative AI use case -- accounts for an average of 25 percent of the time people spend in any given enterprise. The finance industry is a data-driven industry, so it’s no surprise that finance sector firms see big potential in using generative AI to tackle use cases that require assessing enormous amounts of unstructured data, such… [Continue Reading]