Financial firms keen to use AI but their data isn't ready

A new study into AI readiness shows that while financial services firms are ready to adopt AI, they still have work to do in terms of improving data quality and modernizing systems. The study from Indicum finds many financial services firms are hindered by legacy data systems and outdated IT infrastructure, which often lack the real-time processing and data quality capabilities required for effective AI deployment. Data infrastructure is outdated or aging prior to embarking on a systems modernization effort according to 52 percent of IT pros in financial services firms, compared to 44 percent of IT pros in non-financial… [Continue Reading]