AI and Digital Transformation
Event: February 7th 2019, Andaz Hotel, Liverpool Street, London
As companies seek to gain competitive advantages by integrating new technologies into all areas of their business, digital transformation also requires a cultural change that can challenge existing thoughts on business models and leadership.
Artificial Intelligence promises significant business benefits, from greater efficiencies in existing processes to creating new opportunities. However, despite its promise, so far adoption has been limited. The early investors have been large tech companies as they develop deep learning algorithms to cut through mountains of data, as well as acquiring start-ups and new technologies to secure qualified talent for the future. The automotive industry has also seen sizeable investments in robotics and machine learning for the use of driverless vehicles, manufacturing and predictive maintenance.
AI is also dramatically changing the dynamics of the financial services industry. Incumbent players are now having to radically change their business and speed up the way they work in order to remain relevant to an increasingly dynamic customer base.
As digital transformation grows in importance, financial institutions will be pushed to different extremes, coping with a significant legacy debt and engaging in wide reaching transformation. Forging new business partnerships and collaborations will be essential along with the creation of new roles to manage the introduction of new services and revenue streams.
Transformation has become a necessity to survive in the digital age, this invitation only peer-led seminar will discuss some of the issues faced by the financial services industry today as they plan for change and prepare for tomorrow.