SURVEY REPORT FOR DATA LEADERS IN FSI

Determine Your AI Maturity

Focus AI Efforts on Where You Lag Behind Industry Average

We compiled this financial services, banking, and insurance report from a May 2024 survey of hundreds of senior AI professionals in the industry, with a focus on Generative AI (GenAI). Measure your organization against the average to understand which areas you should invest more in to remain competitive.

Don’t Miss Out on AI Trends Transforming FSI

68% of FSI Firms See Positive ROI From Generative AI Use Cases in Production

Among FSI firms with large language models (LLMs) or Generative AI models in production, 68% report positive ROI, highlighting AI’s role in driving both financial gains and strategic growth in the sector.

“Within a very short period of time we basically achieved our original goal, which was processing data better. But Dataiku made us realize we could do so much more than that. We’ve got an army of people copy and pasting data — Dataiku allowed us to have different conversations about data.”

– Craig Turrell

Head of Plan to Perform (P2P) Data Strategy & Delivery at Standard Chartered Bank

"A benefit Dataiku brings us is the ability to have a detailed process operated by teams that are not in the same location or belonging to the same culture, and that efficiently collaborate on the platform in a smooth way."

— Marc Irubetagoyena

Head of Group Stress Testing and Financial Simulations at BNP

“Analytics has enabled our business to become more of a trusted advisor to our clients that we are auditing. We are going to clients with issues that perhaps they would not have known otherwise.”

– Masood Ali

Senior Director of DataStrategy and Governance at Royal Bank ofCanada

“Dataiku as a platform is like a Swiss army knife for data.”

– Steve Perry

Head of Data Delivery at Convex

How Will AI Transform Financial Services Next?

Uncover Top AI Use Cases, Big Investments, and What’s Holding Firms Back

What Are the Up-and-Coming AI Use Cases in FSI?

Human resources, strategic management, and operations are the top three. Read the report to discover the full list.

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50% of FSI Firms are Investing >$5 million in AI Tools

Read through the breakdown of AI tools and services investment in FSI.

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Why do Firms Struggle to Bear Value from AI?

Discover the top barriers to delivering more value from data, analytics, and AI in FSI.

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Do FSI Firms Have Clear Owners of Data Quality?

58% of organizations have clear roles dedicated to data quality. See how this compares to other industries.

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Expect to See Product Recommendation and Self-Supervised Learning in FSI in the Next Year

38% of FSI organizations are currently experimenting with product recommendation and self-supervised learning. Other up-and-coming techniques in the industry include LLMs and transfer learning.