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Latest Tech: Bankers will see three-quarters of the workday transformed by AI

27Feb

By UNN News DeskNo Comments

Technology and Ai

Latest Tech: Bankers will see three-quarters of the workday transformed by AI

Artificial intelligence is likely to replace or at least lend a hand in tasks that take up almost three-quarters of the time bank employees now spend working.That’s the conclusion of a new analysis by consultancy Accenture, which said banking has the potential to benefit more from the technology than any other industry. Just 27% of employees’ time currently has a low potential of being transformed, according to the analysis."There is a reinvention that is happening across banks, a way for firms to step back and reevaluate ways of working,” Keri Smith, global banking data and AI lead at Accenture, said in an interview. Source link

Latest Tech: How AI Takes ‘Democratized’ Innovation To The Next Level

Ai as idea generator for allgetty First, there was crowdsourcing — the idea that everyone has something to contribute to the organization or problem at hand. Can generative AI finesse on this concept, and make it more workable? The concept of “democratized” innovation came to the forefront with online crowdsourcing and its sibling of idea competitions, which have seen widespread use from product testing to developing applications to run on NASA spacecraft. At the same time, while most frequently employed for solving simple challenges such as choosing a corporate logos, crowdsourcing suffers from a “lack of trust in the intellectual power of the crowds and their ability to tackle complex problems,” relates Eugene Ivanov of CRDF Global in an analysis at HeroX. Another challenge is conf...

US FDA approves DermaSensor’s AI-powered skin cancer detecting device

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