The strong growth of artificial intelligence (AI) and smart algorithms mean that technology — in robotics for example — is increasingly able to learn independently of any human intervention. It can therefore also operate more autonomously. Self-learning AI, however, raises plenty of questions and certainly demands some effective preconditions. It
On the face of it, a partnership between the Internet of Things (IoT) and animals is not an obvious one. However, a number of trials and larger-scale implementations of IoT use with household pets and in farming are showing that connected ’Smudge’ and ‘Daisy’ can provide real benefits. This should
Model risk management (MRM) is not a new topic; financial institutions have been relying on models to support their decision making for decades. Recently, however, the MRM discipline has become more formalised and rigorous. Regulatory activities, such as the recent European Banking Authority's (EBA) Targeted Review of Internal Models, require
What does it take to get customer experience right? We can probably all agree that it starts with data, and that means good data. Data holds clues about what your customers want, how they feel, how they like to engage with your brand, how often they want to be in
In my last blog post, I discussed the features of a customer intelligence solution that enable it to support more coherent marketing. In this post, I consider how customer intelligence can be used to support marketing, from conscious management and monitoring of strategic goals to planning and managing the experience
What size does an organisation such as a bank need to be before it can deploy analytics in earnest? The answer now is, surprisingly small. Analytics is no longer the preserve of big organisations. More and more small and medium-size businesses, including banks, are starting to adopt advanced analytics and
When your industry is going to be turned on its head by something, the sooner you can start planning – or at least thinking about it – the better. The new International Financial Reporting Standard 17 (IFRS 17) will come into force in January 2021, and it’s set to completely
Advanced analytics is an important part of artificial intelligence (AI). Machine learning, or the ability of computers to learn from data, rather than through programming rules, means that more complex problems can be addressed than would otherwise be possible. It is significantly easier to supply lots of data and examples
Too many manufacturers find themselves stuck in the past, prisoners of their own highly complex systems and supply chains. They sit on treasure troves of data generated by machinery, employees and customers, but lack the ability to turn it into actionable insight. Business intelligence (BI) has long been a manufacturing
The future of successful compliance will go through extremely skilled data scientists, who will become heroes in your organisation. Human instinct and analytics will help uncover financial crime together. For the last 15 years, banks and other financial institutions have been deploying AML and CFT solutions. In Europe, in line
