Implementing Artificial Intelligence (AI) solutions successfully in the Financial Services sector can be challenging for a variety of reasons and, as with any transformation, behavioural change plays a major role. AI products are generally not a plug-and-play solution, and implementing and embedding tools that can substantially improve a business takes time, effort and a lot of learning.
In order to maximise the benefits of the products, users are often required to change their behaviours and leadership need to set realistic expectations for their teams. Users must be aware that there is still a requirement for them to bring their expertise, experience, and knowledge to bear on interpreting and actioning the insights surfaced. This often provides comfort in knowing that their role is being augmented and enhanced rather than displaced, which can often be the immediate assumption.
AMPLYFI’s Head of FinTech Ant Murphy discusses implementing Artificial Intelligence in Finance.
Originally by Ant Murphy for AMPLYFI.com , read the full article here.