In this post, Ajay Agrawal, professor at Toronto's Rotman School of Management, discusses the challenges of unlocking the full potential of AI and ML for businesses and banks. Agrawal explains how the taxi industry in London, UK provides a cautionary tale of the potential impediments to driving value from AI,
GARP and SAS partnered for a survey in 2018 to understand the use of AI & ML models in risk management. Since then, we've seen an increasing demand in the market to credit risk transformation projects (CRTs). Because of that, the survey was expanded in 2022 and has been extended to
It is difficult – one might even say impossible – to talk about partners without mentioning innovation. The two go hand in hand, which is why we regularly honor our partners who demonstrate outstanding innovation in our Excellence in Innovation Award. This year’s winner and finalists innovated across industries and
At governmental and policy level, there is increasing talk about the importance of climate change, and the need to act quickly. There appears to be growing understanding that everyone needs to act. Corporate reporting on environmental, social and governance (ESG) issues has expanded rapidly in the last couple of years,
In 2022, the world adjusted to and worked to recover from a global pandemic and international conflict that displaced millions of families. Energy costs increased sharply and supply chain issues and other disruptions persisted. This contributed to the highest global inflation rate in decades, prompting a domino effect across economies.
In the modern world, hyperautomation is a way to speed up the development and launch of new digital products and processes – but how exactly can this be done? Throughout part 1 and part 2 of this blog series, we’ve been looking at what hyperautomation is and what it looks
Design thinking, also known as collaborative design, is a way of innovating that puts customer needs above everything else. It requires you to observe how people really use products and interact with their environment in a very hands-on way, and feed that into your creative process. Design thinking is not
La disrupción de nuestra vida como la entendíamos hasta ahora ha impulsado y puesto en valor la importancia de la transformación digital. La repentina y urgente necesidad de trabajar desde casa, mientras se mantenía la comunicación con colegas y clientes, avivó un rápido cambio en nuestra forma de trabajar. Esto,
Artificial intelligence (AI) is causing a digital transformation that is changing businesses’ operations. It is likely to bring a sea change compared to the Industrial Revolution. Many challenges with AI are technical, but most failures occur because of poor strategy and execution. Fortunately, there are some steps you can take
Insurers are bracing for serious change as customer journeys continue to transform. IDC FutureScape predicts that by 2024, 50 percent of all policies of non-life and life insurers will be sold through a fully automated personalized insurance engine and client-guided customer journeys, creating stronger brand loyalty. A progressively more complex
The city of Heidelberg, Germany is known for its romantic cityscape, which attracts tourists from all over the world. It also has the youngest population in Germany, thanks largely to the many students at one of Europe's oldest and largest universities. Perhaps less well known is that Heidelberg is twinned
As more businesses embrace their digital transformation journeys, it’s easy to get lost in the cloud hype and overinflate the possibilities of cloud alone. Cloud migration is not a one-stop shop to solve all of an organization’s challenges. Instead, technology leaders need to adopt a cloud-smart mindset to maximize value,
Jim Goodnight, SAS founder and CEO, said in 2016, "Digital disruption is now a fact of life, and every organisation must have a plan to deal with it." And yet his observations could not be more apt today. Furthermore, the impacts of the global pandemic have accelerated digital disruption. I see
On s'accorde de plus en plus à dire que presque toutes les entreprises devront recourir davantage à l'analyse. L'utilisation des données n'est plus un luxe, mais une méthode de travail essentielle. C'est un facteur d'efficience, d'efficacité et de centrage sur le client. Pour ceux d'entre nous qui travaillent dans le
Gartner first openly used the term "hyperautomation" in 2019. But what is it? How will it benefit your organization? And what are we hyperautomating? In this post, I discuss what we are hyperautomating and how the convergence of technology and decision maturity made it possible. If you are still curious about
Afirmar que la pandemia del COVID-19 ha cambiado nuestra forma de vivir y trabajar se ha convertido prácticamente en un tópico en los últimos meses. Sin embargo, no todas las empresas o sectores han cambiado de la misma manera, sino que existen algunas diferencias interesantes en cuanto a adaptación y
The use of AI in manufacturing is transforming the industry. How do AI technology and data insights fit into this trend? Vice President for SAS in the Nordics Keld Zornig sat down with Pasi Helenius, Manager for Customer Advisory Commercial and Manufacturing Nordics, for a talk on the topic of
One of the most discussed tech topics in the last 12 months has been hyperautomation. It has led to so many conversations that I now get episodes of déjà vu in the middle of meetings. This is a good thing, as organisations recognise the need for flexible innovation, rapid product development and
Actuarial practice has always been analytical—so how much is advanced analytics disrupting this element of insurance? We discussed this issue in a recent #SASchat. The importance of competitive pricing Analytics is now being used in more and more areas in insurance, and particularly to tailor pricing more precisely to customers’
During lockdowns across Europe and beyond, we all moved our lives online. We worked remotely and had meetings via Teams or Zoom. We also socialised and shopped online. For many people, this was familiar territory. For others, it opened up a whole new world—and highlighted significant problems with the ‘old
If the big banks won’t help when times are tough, customers will turn to smaller, simpler providers. And once they’ve switched, banks will struggle to win them back. I’ve written before about how banks are an essential part of the UK’s social fabric. Our economy depends on the availability of
The evolution of service is simplicity and clarity. Build for the digital future of service today.
I’ve written before about how the COVID-19 crisis has forced UK government departments to accelerate their digital transformation, and proved that it’s possible to put policy into practice in weeks, rather than months or years. Amidst the dark cloud of the pandemic, it’s important to acknowledge silver linings where we
There is a growing group of customers who want to use digital channels. They are also prepared to give businesses more information.
How do I stack up in terms of digital maturity against my manufacturing peers? This is a question that I have been asked many times. The fear of missing out creates unbearable pain. Trade wars and the COVID-19 pandemic exposed some of the manufacturing wounds: tight margins, supply chain risks,
Assisto Consulting is a management consulting firm delivering analytical and operational solutions for banks and multiple other sectors with a strong focus on financial technology and delivering its tailor-made business solutions. Its partners are all experienced banking professionals with skills in risk management, finance, business development, and marketing, and of
Sopra Steria è una società di consulenza, servizi digitali e sviluppo software con sede a Parigi. È stata costituita nel 2014 in seguito alla fusione di Sopra e Steria, due società di servizi digitali e software. Ho incontrato Roberto Balzerani, Director Public Sector, Energy & Telco Italy, per discutere delle
This is part two of a two-part series on digital transformation for manufacturers, where we explore the real risk of not digitally transforming and the journey that manufacturers are undertaking to capitalize on the opportunity to increase revenue, profit, and operational effectiveness. You can read more in my first blog
In a world increasingly characterized by digital economies and disruption, every market disturbance exponentially widens the business agility gap between the less digitally evolved and those companies that have demonstrated innovation leadership through digital transformation. For those that are not transforming with urgency, the negative consequences will become compounded to
Avec la crise sanitaire, le monde du retail s’est profondément transformé. Comment s’adapter aux changements et comment anticiper le retour à la normale ? Et surtout, quelle sera cette nouvelle normalité ? Les contraintes et restrictions qui accompagnent la crise sanitaire ont eu divers impacts sur la consommation, dont une
