Financial services introducing AI but hindered by data issues

According to research by EXL, around 89 percent of insurance and banking firms in the UK have introduced AI solutions over the past year. However, issues with data optimisation could hinder their impact.

The researchers surveyed executives at top UK insurers and lenders about their AI strategies and found that 44 percent have deployed AI across eight or more business functions—especially in marketing, business development, and regulatory compliance. 

Nearly 9 in 10...

29 January 2024 | Applications

AI & Big Data Expo: Maximising value from real-time data streams

As digital transformation accelerates across industries, more and more companies are recognising the untapped value in their real-time data streams. Enterprise streaming analytics firm Streambased aims to help organisations extract impactful business insights from these continuous flows of operational event data.

In an interview at the recent AI & Big Data Expo, Streambased founder and CEO Tom Scott outlined the company’s approach to enabling advanced analytics on streaming...

19 December 2023 | Enterprise

AI & Big Data Expo: Ethical AI integration and future trends

Grace Zheng, Data Analyst at Canon and Founder of Kosh Duo, recently sat down for an interview with AI News during AI & Big Data Expo Global to discuss integrating AI ethically as well as provide her insights around future trends. 

Zheng first explained how over a decade working in digital marketing and e-commerce sparked her interest more recently in data analytics and artificial intelligence as machine learning has become hugely popular.

At Canon, Zheng’s team...

18 December 2023 | Artificial Intelligence

Google Cloud announces Imagen 2 text-to-image generator

Google Cloud has introduced Imagen 2, the latest upgrade to its text-to-image capabilities.

Available for Vertex AI customers on the allowlist, Imagen 2 enables users to craft and deploy photorealistic images using intuitive tooling and fully-managed infrastructure. 

Developed with Google DeepMind technology, Imagen 2 offers improved image quality and a range of functionalities tailored for specific use cases.

Key features of Imagen 2...

14 December 2023 | Applications

Dynatrace: Organisations embrace AI, yet face challenges

Research from Dynatrace sheds light on the challenges and risks associated with AI implementation.

The report underscores the need for a composite AI approach. This involves combining various AI types – such as generative, predictive, and causal – along with diverse data sources like observability, security, and business events. This holistic strategy aims to provide precision, context, and meaning to AI outputs, ensuring reliable results.

Key findings:

83%...

12 December 2023 | Applications

AI & Big Data Expo: Demystifying AI and seeing past the hype

In a presentation at AI & Big Data Expo Global, Adam Craven, Director at Y-Align, shed light on the practical applications of AI and the pitfalls often overlooked in the hype surrounding it.

Craven — with an extensive background in engineering and leadership roles at McKinsey & Company, HSBC, Nokia, among others — shared his experiences as a consultant helping C-level executives navigate the complex landscape of AI adoption. The core message revolved around...

7 December 2023 | Artificial Intelligence

Paul O’Sullivan, Salesforce: Transforming work in the GenAI era

In the wake of the generative AI (GenAI) revolution, UK businesses find themselves at a crossroads between unprecedented opportunities and inherent challenges.

Paul O'Sullivan, Senior Vice President of Solution Engineering (UKI) at Salesforce, sheds light on the complexities of this transformative landscape, urging businesses to tread cautiously while embracing the potential of artificial intelligence.

Unprecedented opportunities

Generative AI has stormed the...

21 November 2023 | Applications

Umbar Shakir, Gate One: Unlocking the power of generative AI ethically

Ahead of this year’s AI & Big Data Expo Global, Umbar Shakir, Partner and AI Lead at Gate One, shared her insights into the diverse landscape of generative AI (GenAI) and its impact on businesses.

From addressing the spectrum of use cases to navigating digital transformation, Shakir shed light on the challenges, ethical considerations, and the promising future of this groundbreaking technology.

Wide spectrum of use cases

Shakir highlighted the wide array of...

17 November 2023 | Artificial Intelligence

Amdocs, NVIDIA and Microsoft Azure build custom LLMs for telcos

Amdocs has partnered with NVIDIA and Microsoft Azure to build custom Large Language Models (LLMs) for the $1.7 trillion global telecoms industry.

Leveraging the power of NVIDIA's AI foundry service on Microsoft Azure, Amdocs aims to meet the escalating demand for data processing and analysis in the telecoms sector.

The telecoms industry processes hundreds of petabytes of data daily. With the anticipation of global data transactions surpassing 180 zettabytes by 2025,...

16 November 2023 | Artificial Intelligence

OpenAI set to unveil custom GPT-4 chatbot creator

As OpenAI gears up for its inaugural developer conference, some major announcements appear to have leaked.

The leak includes screenshots and videos showcasing a custom chatbot creator utilising GPT-4. This advanced version of ChatGPT boasts features such as web browsing and data analysis, enhancing its capabilities significantly.

According to the leaked information, OpenAI will introduce a new marketplace where users can share their custom chatbots or explore creations...

6 November 2023 | Artificial Intelligence