Digital Transformation in Banking: Making Progress and Hitting Roadblocks

#Digital Transformation in #Banking: Progress and Roadblocks

 

#fintech #CIO #AI #IT #tech

  • One third of banking executives participating in a study said that marketing owns the end-to-end customer relationship, but only 14% feel that marketing should own their institution’s digital strategy.
  • As financial institutions look at how best to adapt their current practices to meet the needs of customers across an expanding array of digital channels, banking executives look for insights to inform their digital transformation strategies.
  • With 87% of the financial institution respondents saying that technology is intrinsic to digital transformation and must be considered in tandem with strategy, it’s a natural fit for CIOs to lead the way in vetting and implementing the technical platforms and solutions that will form the backbone of an organization’s digital strategy.
  • Still, a financial organization that can establish a culture free of silos – and carry out effective digital transformation quickly and successfully – will certainly earn itself an effective competitive advantage and be able to deliver a differentiated level of customer experience.
  • By incorporating advice from other industry leaders and fostering a company culture ready to embrace cooperation alongside new technology, financial institutions can best execute the digital transformations necessary to keep pace and potentially stand out in their industry.

Two out of every five financial institutions say they are only in the infancy of their digital transformation strategy.
Continue reading “Digital Transformation in Banking: Making Progress and Hitting Roadblocks”

IBM and BMW Are Using the Watson A.I. to Give Smart Cars a Personality

IBM and BMW Are Using the Watson #AI to Give Smart Cars More Personality

  • Watson’s machine learning capabilities offer new opportunities for vehicles to learn about the preferences, needs, and driving habits of their drivers over time,” the company says, which means it’ll also help with “customizing the driving experience and improving levels of comfort and safety.”
  • All of the improvements would help make cars more enjoyable while the world waits for autonomous vehicles to debut.
  • IBM partnered with Pfizer in December to find new cancer drugs because Watson can read more than any medical researcher – it can almost handle questions about a car’s machinery.
  • The companies said they want to explore the potential of Watson “personalizing the driving experience and creating more intuitive driver support systems for cars of the future.”
  • Combine that with the technological “brain” for trivia that let Watson beat humans at Jeopardy!

IBM and BMW are using the famous Watson A.I. to develop smart cars that can interact with their drivers much more, KITT from ‘Nightrider.
Continue reading “IBM and BMW Are Using the Watson A.I. to Give Smart Cars a Personality”

Microsoft is buying another AI startup. This one automatically schedules meetings.

#Microsoft is buying #AI #startup, This one automatically schedules #meetings  #collaboration

  • The move is at least the third time this month that a big-name tech company has bought an AI startup.
  • By Ina Fried Aug 22, 2016, 9:56a
  • Microsoft is buying another AI startup.
  • The buying spree of machine intelligence startups continues, with Microsoft announcing Monday that it is acquiring automated calendaring service Genee.
  • Microsoft plans to shut down Genee’s existing service as of Sept. 1 and was vague on just how the technology will be incorporated into Office and Office 365, though scheduling meetings seems a natural fit for Outlook.

Read the full article, click here.


@evankirstel: “#Microsoft is buying #AI #startup, This one automatically schedules #meetings #collaboration”


The company is buying Genee and shutting down the service.


Microsoft is buying another AI startup. This one automatically schedules meetings.

Microsoft is buying another AI startup. This one automatically schedules meetings.

Microsoft buying another #AI #startup which automatically schedules meetings  @KatrinaKlier

  • The move is at least the third time this month that a big-name tech company has bought an AI startup.
  • By Ina Fried Aug 22, 2016, 1:00p
  • Microsoft is buying another AI startup.
  • The buying spree of machine intelligence startups continues, with Microsoft announcing Monday that it is acquiring automated calendaring service Genee.
  • The company is buying Genee and shutting down the service.

Read the full article, click here.


@TamaraMcCleary: “Microsoft buying another #AI #startup which automatically schedules meetings @KatrinaKlier”


The company is buying Genee and shutting down the service.


Microsoft is buying another AI startup. This one automatically schedules meetings.