Belvo’s Post

🚀 Dive into the #AIRevolution in finance! Join our webinar to explore AI's potential, tackle ethical issues & drive innovation. 📅 15/05/2024 🕒 15:00 🔗 Sign up now: https://lnkd.in/e7dXCQz3 #FinanceAI #Webinar #Innovation

"At Legion, we are always looking for ways to bring innovative technologies and solutions to the finance organization, driving toward a data driven decision making organization and building a strategic finance function. Generative AI holds a lot of exciting promise in providing real-time insights. Conversational Finance does exactly this - providing data and insight real-time with a simple question, easy to implement and ease of use, and effectively and efficiently driving the speed of decision making." - Isabelle Wang, CFO, Legion Technologies. Transform how you access your data: https://bit.ly/3QaEJTe #AIforFinance #GenAI

Today, I had the opportunity to attend a thought-provoking Google Behavox AI summit with key note speaker - Erkin Adylov. Over 100 industry leaders from across financial services gathered to explore the evolving landscape of artificial intelligence. The summit tackled some of the most fascinating questions surrounding AI: Is it truly a new form of life? Can it fundamentally transform the world we live in? While these ponderings hold weight, the reality is that AI is already actively shaping various industries, including finance. The key takeaways? 1. Behavox has one of the most practical and necessary AI tools to help financial services. The key differentiator is that they have so much customized data from organizations, and they can explain the outputs. 2. AI isn't here to replace jobs, but rather to reshape how we approach them. 3. From data analysis to risk management, expect to see AI augmenting human capabilities and driving innovation across the financial services sector. 4. There’s much more exciting things to come… Thank you for joining me today… Mike Halstead Piers Murray Tatiana Mitchell, MBA Venkat Pasula and many more…. Behavox is also an alliance partner of Armstrong Wolfe #risk #controls #compliance #legal #ai #technology Fahreen Kurji Nabeel Ebrahim Clement King Executive Consulting LLC

🤖 Are AI Recommendation Engines Eroding Our Self? 🧠 We rely on them daily to navigate routes, filter news, and even schedule our lives. But what are the hidden costs of outsourcing our decisions to AI assistants? In my new book chapter, I argue that tools like Google's powerful recommendation engines are: *Quietly chipping away at human agency & autonomy *Pressuring us to conform to "algorithmic rationality" *Rewiring how we process information & memories As we grow increasingly dependent on AI, it's reshaping core aspects of our cognition and behavior - with troubling implications for our agency and independent reasoning. The AI revolution won't be stopped, but it urgently needs to be steered in a more human-centered direction. My chapter calls for expanding the definition of "Human-Centered AI" to prioritize psychological, social and political impacts, not just human rights. I describe my latest research to shine a light on this invisible transformation of the human mind. Whether you're an AI developer, policymaker, ethicist, or concerned citizen, this is essential reading to grasp the full picture of how AI is turning us into different beings. Check out "Redefining Human-Centered AI: The impact of recommendation engines" and let me know what you think. I'm excited to discuss this crucial issue further! My chapter is part of a groundbreaking new book that brings together 29 insightful chapters from diverse experts to comprehensively explore the emerging field of Human-Centered AI (HCAI). The book goes beyond traditional technology-driven approaches to AI, instead placing human needs and values at the center. It demystifies the latest trends in HCAI research, examines its transformative potential across various sectors like justice, healthcare and education, and provides concrete strategies for translating theory into practice. Featuring valuable real-world perspectives from both decision-makers and practitioners, this book is an essential guide for anyone seeking to understand and shape the future of AI in a way that truly enhances the human experience. Whether you're an AI developer, policymaker, industry leader or engaged citizen, you'll find eye-opening ideas and actionable insights in these pages. #HumanCenteredAI #AIEthics #Algorithms #AgencyandAutonomy

You can now add pricing to the list of items affected by the rise of AI.   As extrapolated in Thomson Reuters' latest report, client expectations will soon shift, and professional services will have to adapt their pricing models to reflect this.   The trend? Out with hourly-rates and in with value-based pricing.   A question remains: how does one capture this?   "As routine work becomes more efficient, firms understand that they will need to develop new pricing models that reflect the value of work provided, rather than simply the time it has taken.   …   As more AI-driven work becomes the norm for outside firms, being able to articulate to clients why they’re still paying a premium for high-quality work that nevertheless is done much more quickly will become paramount."   "The future of professional services lies in embracing value-based pricing.”   “As AI transforms work processes, firms must develop models that reflect their true value to clients. This shift moves away from traditional hourly rates to pricing structures that capture the efficiency, expertise, and innovation AI enables. “True value” will also evolve, with skills like negotiation and strategic thinking becoming more prized over routine tasks like drafting."   Some argue you’ll have more time for business development and attracting new clients/work, thus offsetting some of the shifts.   Time will now tell.   #Pricing #AI

The technical requirements of implementing GenAI solutions that no one’s talking about? Bringing both your data and business output requirements together in a fine-tuned model, as Blankfactor’s VP of AI Thomas Barton shares. That means businesses should: 🔹 Know where your data is and how to define it.  🔹 Consider whether the business knowledge you have can be applied to it. Ensuring that you’ll start to see the performance and accuracy you expect from your GenAI investment requires time and technical expertise — especially for firms in heavily regulated industries, like financial services. Learn more about how financial services firms can unleash the power of generative AI in 2024: https://lnkd.in/eGffF6Ar. #GenAI #GenAISolutions #AIinFinancialServices

Read our latest white paper 📑, "Future-Proofing Finance: Building a Sustainable AI Strategy in a Regulated Landscape." and discover how AI is transforming the financial sector while staying compliant with regulations. 📈💡 Learn how to navigate the rapidly evolving financial industry with insights on: ☑ The Rise of AI in Finance ☑ The Regulatory Landscape for Safe AI ☑ The Cost of Non-Compliance Stay ahead of the curve by learning about innovative strategies, real-world applications, and the path to sustainable success. Don't miss out! 📌 Read this white paper from our innovation expert Deepak Saini: https://lnkd.in/e4cykpKa #FinanceAI #AICompliance #SustainableStrategy #ResponsibleAI #ComplianceAI #coforge 🔊 Vinay Jhari, Bharathi Muniswamy, Harish Nanda, Aniket Kumar, and Gaurav Mishra

Pricing Innovation: Futures, Innovation, AI, and the Art of the Possible    In this era of technological advancement, the landscape of law firm pricing strategies is being significantly reshaped. The introduction of artificial intelligence (AI) and enhanced data analytics promises to drive a new era of efficiency and innovation in pricing models. But the question is how fast and how far we should go.    Join Mark Medice (LawVision), Keith Maziarek, (Katten Muchin Rosenman LLP), Purvi Sanghvi (Paul Hastings) and Joseph Rejano (Foley Mansfield)for this panel discussion taking place at Strategic Pricing: 2024 - explore key aspects of this transformation:    + Innovative Pricing Through #AI + Market #Adaptation to Technological Shifts + Predictive #Analytics and Decision Automation + Reassessing Traditional #Billing Models + Future of #LegalPricing Strategic Pricing: 2024 takes place online July 25th. For more information, and to confirm your place: https://lnkd.in/gPnfTeie

THIS WEDNESDAY!! Gain insights into how AI will start overhauling the Finance and Accountancy playbook with our industry expert Paul Bratcher. Paul is the Co-founder of Unfold AI. His mission? To demystify AI adoption and pave the way for a future where technology works for the greater good. Learn first-hand from him as he navigates the ever-evolving terrain of AI in Accounting and Finance. https://lnkd.in/ev_xC8jX

For those who seek clarity on the regulations, timelines and some great insights surrounding AI strategy this is a great whitepaper!