Navigating AI in Financial Services
A Woodhurst Blueprint© for building Artificial Intelligence capabilities Download this free insight to find out: Click here to download the report.
The Rise and Risks of AI in Financial Services
The financial services sector is undergoing a tech-driven makeover that is hard to ignore. We’re witnessing a wave of change where AI, once a futuristic concept, is now a driving force behind how businesses function and serve their clients. The insights shared by Goldman Sachs Research in April this year add a fascinating layer to […]
7 ways to bring back human connection in a digital world
How can we bring human connection back into our lives? As we have already discussed here, the increased prevalence of digital technology has gradually eroded human connection, proving detrimental to many elements of our social and working lives. But it isn’t all doom and gloom. Digital technology has, in many ways, made our lives far […]
Maintaining human connection in a digital world
How has digital changed our day-to-day lives? Nowadays we are used to ordering our food through digital technology, be it via a delivery service like Deliveroo or Uber Eats, or through scanning a QR code when we sit down in a restaurant. We no longer need to ring up and visit our local takeaway or […]
Woodhurst discusses Deep Learning
In February Woodhurst delved into the topic of Deep Learning, a nascent technology that is pushing the boundary of what Artificial Intelligence can do. Hailed as the biggest software breakthrough of our time, it may remove humans from the process of writing code. Deep Learning allowed a computer to finally beat a human at the […]
Increasing the effectiveness of AI projects
It is a stark reality that 9 out of 10 AI or Machine Learning projects fail to make it to production. In some cases, this is understandable. Many AI projects are experimental in nature and therefore will not be suitable for a full production deployment. However, it’s difficult to believe that this should be the […]
Internal processes should enable not hinder AI projects
Too often financial institutions are hamstrung by internal processes which aim to control how projects are executed, but more frequently place blockers in the way of progress, particularly where new technologies are concerned. With the advent of AI and other complementary technologies – cloud computing, big data analytics – it’s vitally important that governance, procurement […]
AI solutions are nothing without quality data
Artificial Intelligence solutions are nothing without data, and banks certainly have a lot of it. The challenge is around quality rather than quantity, and an inability to identify and really harness the types of data needed to design, build and develop an effective AI solution. There are several capabilities financial institutions can build that will […]
AI is as much about people as it is about machines
The organisation can sow the seeds of a culture, but it’s the people that cultivate it and allow it to blossom. For an AI project to produce fantastic results, firms need a blend of engineering, delivery and business skills. The boundaries between data, analytics and technology need to be broken down and the organisation needs […]
Technology – The beating heart of AI
If data is the lifeblood of an AI solution, technology is the heart that keeps the blood pumping. The science behind AI and ML algorithms hasn’t changed dramatically in the last 30 years – it is the advent of cheap, scalable computing power hosted in the Cloud that is driving the conversation around AI today. […]