The global hype cycle of AI, driven in large part by ChatGPT, is dying down and real-world artificial intelligence (AI) adoption and application are taking hold. Early adopters are reaping rewards, and AI leaders are driving significant change in their business models. Banking as a sector was quick to grasp
Investment in AI is an obvious target for the insurance sector. Insurers have always been interested in technology that helps detect and prevent fraud and improve underwriting efficiency while speeding processes and reducing – or at least not increasing – costs. But what is the reality in this highly regulated
The global decline in bee populations has raised alarms worldwide, and Europe is no exception. Almost 30% of European bee species are at risk of extinction, prompting a wave of initiatives to safeguard these crucial pollinators. One such initiative is the Beehive Project, spearheaded by Daan Bijkerk, a data scientist
It is unfortunate, but the procurement process is rife with the potential for loss, waste, abuse, and fraud. It requires many different steps to be performed by different departments, including ethics and compliance, audit, procurement, and fraud investigation. Procurement has also been somewhat slower to develop and adopt the kind
People have high expectations not only from their favorite brands but also from public services. How do you ensure the smooth handling of citizen requests? How do you set the right priorities? Fortunately, data analytics and AI are game changers for these government requests. In a previous blog, we discussed
In a previous blog post, we discussed how generative AI (GenAI) is experiencing unprecedented popularity, with organizations across various industries eager to unlock its immense potential. We also highlighted potential use cases organizations must identify to unlock GenAI's full potential with credit customer journeys. These can include using chatbots for
Generative AI (GenAI) is in its most popular era and many organisations across industry are looking for ways to unlock its potential value. McKinsey's projections suggest that GenAI could add a staggering $2.6 to $4.4 trillion in value to the global economy. In fact, banking is the number one industry
An uncertain global economic climate has created a sense of unease and a heightened risk when managing finances for individuals and banking and financial institutions. Helping banks and financial institutions manage risk is a central pillar of how SAS adds value for our customers, who must ensure their organization is
Adopting analytics and AI in the public sector is changing how governments make decisions. Technology improves the efficiency and transparency of work processes, positively impacting service delivery to increasingly demanding citizens. However, many government organizations still need help fully embracing a data-driven culture. The Covid-19 pandemic is one of the
In the ever-evolving landscape of media, understanding how different generations consume content is crucial. Deloitte's report on Digital Media Trends 2023 sheds light on these generational disparities, highlighting a clear shift towards online experiences among younger audiences. This trend presents both challenges and opportunities for businesses, as they grapple with how
