Regarding the status of AI in the banking sector

We asked those responsible in German banks how they view the status, the challenges and the advantages of using artificial intelligence (AI). They rated the situation of their industry and their company quite favourably. Here’s an example to illustrate the point:

60 per cent of those surveyed from the banking sector rated their own company’s AI position as “good” or even better. Across all sectors, only 48 per cent gave such a positive assessment.

Artificial intelligence has arrived at banks. Each bank is busy looking at exactly which issues can be addressed in the process. There is still no agreement as to how this should be done. 78 per cent of respondents still see AI as being in its infancy, and clear added values are not always apparent. We’re using our experience to help close this gap.

Investment and forward thinking are central components of banks’ strategies regarding artificial intelligence. 85 per cent of decision-makers in banks are convinced that investing in AI will bring competitive advantages in the medium term. Only 12 per cent of respondents rated their own company’s stance on AI as “good” or even better.

For banks, artificial intelligence is one of the hype topics of the last few years; and they’re concerning themselves with it accordingly. As a partner in the German market, adesso is able to implement exactly the right solution – whether on-site, in the cloud or hybrid. We find the right solution for your challenge, independent of the manufacturer, and advise you so that your AI implementation is a success. All this begins with a conversation. Feel free to contact me.