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How does behind-the-scenes AI affect our wallet?

Dataiku is publishing the fourth installment of its AI & Us series, in which the company explores how industries are changing through increasingly accessible AI. The documentary series explores how artificial intelligence (AI) is changing our daily lives: from how we dress to the gender pay gap. Episode 4, “Money and the Machine,” looks at how technology is shaping the future of banking (and possibly our personal finances).

One of the best-known examples of AI in banking is the chatbot. This is partly because they are so visible to the customer. Who hasn’t interacted with chatbots for things like customer service these days? That visibility will only increase in 2023 due to the renewed interest in conversational AI thanks to ChatGPT. But when you look under the hood, there’s so much more to AI in banking than meets the eye.

Role of AI in the banking sector

The latest installment of the AI ​​& Us series takes a closer look at the role of AI within the banking industry, alongside experts from Standard Chartered Bank and Dataiku. Among other things, the new episode talks about what is possible – and could be – with AI in the banking sector in the coming years. For example: Can AI predict or even prevent the next credit crisis?

According to Shaun McGirr, EMEA RVP of AI Strategy at Dataiku, the new series shows how AI is becoming an everyday tool within companies, not just in the data science lab. McGirr: “At AI & Us, we look beyond the obvious use cases to show how the ever-lowering entry barrier for AI is transforming entire industries. It has been a privilege to learn from people with completely different perspectives, whether it be it seasoned AI experts, relative newbies making a disproportionate impact, or those with a broader perspective on how changes in society are driving AI adoption, throughout the series we’ve strived to puncture the hype, neutralize buzzwords and remind everyone working on AI of their obligation to act responsibly for the future.”

Aflevering 4 ‘Money and the Machine’ is here available. The next installment in the series focuses on the pay gap between men and women and is called ‘The Gender Pay Gap’.

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