Generative AI is predicted to transform almost every industry, so it is hardly surprising that companies spent more than $20 billion on the technology last year. But the technology alone is not enough to unlock generative AI’s transformative potential. In...
Companies are increasingly moving to an API-first approach in which they start any AI or digital project by focusing on the API they will use to integrate the data required. In this blog, we look at the benefits of this approach and seven steps your company can...
From machine learning to generative AI, the latest developments in AI technology offer a major competitive advantage to companies who can best apply them to their business’ challenges. But those benefits will only be realized if a firm’s AI initiatives...
Nearly 9/10 executives consider investing in AI and data to be a top priority for their company, yet 8/10 of those initiatives are likely to end in failure. In this post, we explore the key reasons behind why AI projects do not achieve their aims. We then draw...
AI offers significant opportunities for companies, but there are ethical concerns around the fast-emerging technology. Many of these concerns come back to the data being leveraged by technology, including how that data was collected and how it is being used. ...
Top Risks to Address for Third Party Due Diligence Only have a minute? Watch this quick video for a summary of the key points of the article. Third parties help companies to deliver their products and services, but they also expose them to regulatory, financial...
This year’s Kroll Financial Crime Report found companies are growing increasingly concerned that third parties are driving a higher risk of financial crime. We read through the report to pull out lessons for companies from this survey of 400 executives...
Millions of companies around the world have been impacted by regulations that mandate them to carry out ESG and human rights due diligence (HRDD) in the last few years–or they soon will be. These regulations bring new legal, financial, strategic, and reputational...
The intersection of Artificial Intelligence (AI) and business pulses with potential, especially since generative AI (GenAI) has entered the picture. Google research scientist Oriol Vinyals notes, “Generative models are changing the way we think about machine...
ChatGPT and Bard, DALL-E and Starryai: Generative AI (GenAI) tools are taking the world by storm, igniting conversations, and shaping future possibilities in ways we've only begun to explore. As the World Economic Forum notes, “After years of research...
Many companies have deficiencies in their sanctions risk management and customer due diligence processes, according to a survey by the UK’s financial regulator. The EU has also published new expectations about companies’ third party due diligence for...
Despite predictions of a “new normal,” the post-pandemic world feels just as tumultuous as ever. In fact, you could say unpredictability is as constant as the tide. The pressure to adapt or risk being swept into obsolescence is great. That’s...
The landscape of business is evolving at an unprecedented pace, thanks in no small part to the accelerating development of technology. One of the most impactful shifts in recent years is the migration from on-premises data solutions to cloud-based data platforms...
Data may seem as common as dirt these days, but harvesting insights from data is not without its challenges. According to Statista , for example, organizations across the globe report common problems with: 34% struggle with data discovery—where to find...
In the quest to achieve unrivaled business growth, organizations show increasing interest in Decision Intelligence (DI) . Whether you use DI to augment, recommend, or automate decisions, the effectiveness of your DI endeavors heavily depends on the quality of data...