We look at how the use of generative AI in banking is fundamentally changing how financial institutions approach risk management and compliance.
We explore the transformative power of generative AI within the operations value chain and how it can help shape C-suite discussions across industries.
a research firm, says about two-thirds of s&p 500 firms have posted job adverts mentioning AI. For those companies, 5% of adverts now mention the technology, up from an average of 2.5% over the past three years. But the market is easing. A survey by McKinsey, a consultancy, found that...
When one payer suggested that ACHP create a risk framework around generative AI in health insurance, Whitman responded: “What's risky today might not be risky tomorrow.” The AI landscape in healthcare is constantly evolving and the regulations are still nascent. As a result, predicting r...
AI stands to generate trillions of dollars in value for the global economy. (Image: McKinsey & Company.) Generative AI will transform four key areas Independent of specific industries, the report identified four essential business functions that stand to benefit the most from generative AI and a...
References [1]This is ArisGlobal’s own data from early customer pilots. Separately, McKinsey estimates that deploying next-generation AI to improve HA responses and their impact can reduce Agency follow-up by 50%.
Generative AI seamlessly merges with intelligent automation, enabling businesses to automate more complex tasks and processes to realize their desired outcomes.
For example, McKinsey’s report “The economic potential of generative AI” shows that applying generative AI to customer care functions could increase productivity at 30-45% of current function costs. Drawbacks Transparency Issues. If you haven’t implemented and trained a generative AI system ...
staggering. A 2024 McKinsey report estimated that generative AI could add between $2.6 trillion to $4.4 trillion annually to the global economy.10This potential is driving unprecedented investment in the technology, with companies like JP Morgan Chase committing over $1 billion annually to AI ...
A report by McKinsey & Company found that AI could automate up to 45% of the tasks performed by retail, hospitality, and healthcare workers. This could lead to job displacement but the report also noted that it doesn’t necessarily mean that AI will automate a job just because it can. C...