Taking Generative AI beyond the hype in financial services
Australian organisations, including those in Financial Services, are exploring how they can generate value with specific use cases for generative AI. On one hand, as technology continues to increase their investments, end user organisations are moving ahead with a mix of optimism and fear.
Published Aug 2, 2024 in
Articles
Data & AI Strategy
Contributors
Pooja Singh
Australian organisations, including those in Financial Services, are exploring how they can generate value with specific use cases for generative AI. On one hand, as technology continues to increase their investments, end user organisations are moving ahead with a mix of optimism and fear.
CIOs in the Financial Services sector can apply these sector-specific practices to unlock the value of generative AI:
- Evaluate your organisation’s readiness for adopting generative AI.
- Adopt a tailored approach to generative AI identifying your organisation’s specific use case opportunities and limitations.
- Conduct Proof of Concepts (POC) to accelerate generative AI adoption.
- Strongly define and regulate your Governance, Compliance and Risk policies when using generative AI.
- Investigate commodity solutions applied to your internal data with a focus on accuracy and data safety.
This report is a follow up to the ADAPT Research Set for unlocking the exponential value of generative AI, which was published in Apr 2023.
Australian organisations, including those in Financial Services, are exploring how they can generate value with specific use cases for generative AI. On one hand, as technology continues to increase their investments, end user organisations are moving ahead with a mix of optimism and fear.
CIOs in the Financial Services sector can apply these sector-specific practices to unlock the value of generative AI:
- Evaluate your organisation’s readiness for adopting generative AI.
- Adopt a tailored approach to generative AI identifying your organisation’s specific use case opportunities and limitations.
- Conduct Proof of Concepts (POC) to accelerate generative AI adoption.
- Strongly define and regulate your Governance, Compliance and Risk policies when using generative AI.
- Investigate commodity solutions applied to your internal data with a focus on accuracy and data safety.
This report is a follow up to the ADAPT Research Set for unlocking the exponential value of generative AI, which was published in Apr 2023.
