MIT Technology Review Insights
AI impacts more parts of finance organizations than ever before. But how will Generative AI change the game? And what challenges still remain?
This MIT Technology Review Insights report, produced in partnership with Dataiku with interviews from industry experts, has answers.
"There is a lot of time spent within financial institutions to summarize data and write reports. A lot of the daily intensive work is manual, because people have to think about the same things over and over. That's where I think AI and [machine learning] can make a big difference, especially when it comes to natural language."
— Masood Ali, Senior Director of Data Strategy & Governance @ Royal Bank of Canada
A major area where intelligent automation can benefit financial firms is compliance and auditing. The financial services industry faces a great deal of regulatory scrutiny, and in response, companies are developing more sophisticated expectations for their information systems and investing more in the quality of data on which those systems work.