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Banking Technology Vision 2017

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Freedom to innovate THOSE THAT DO EXPECT MORE: Opportunity to develop standards that others follow Expanded opportunities for trusted partnerships 6. www.accenture.com/bankingtechvision DESIGN FOR HUMANS CUSTOMER JOURNEYS NOW RUN INSIDE AND OUTSIDE THE BANK Digital banking models, such as ecosystem platforms and channels not owned by banks, will bring consumers from outside the sphere of the bank's knowledge. WORKFORCE MARKETPLACE ON-DEMAND TALENT AS A TRUE BANKING INNOVATION Create an agile workforce to access sought-after skills, knowledge and experience as-needed for more flexible ways of working. DESIGN FOR HUMANS CUSTOMER JOURNEYS NOW RUN INSIDE AND OUTSIDE THE BANK Digital banking models, such as ecosystem platforms and channels not owned by banks, will bring consumers from outside the sphere of the bank's knowledge. WORKFORCE MARKETPLACE ON-DEMAND TALENT AS A TRUE BANKING INNOVATION Create an agile workforce to access sought-after skills, knowledge and experience as-needed for more flexible ways of working.


Banking Technology Vision 2017

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TECHNOLOGY FOR PEOPLE Digital disruption is taking a new direction with people now shaping technology to fit our need. By amplifying people and putting the power into their hands, banks can deepen their role in consumers' lives, and firmly establish their place as partners in the new digital economy. HELP WRITE THE NEW RULES OF ENGAGEMENT OR RISK BEING REGULATED OUT THE UNCHARTED BANKERS SAY: โ€ข Industry regulations have not kept pace with technology advancement (66% globally, 82% in US). THE UNCHARTED TAKE THE LEAD TO SHAPE THE NEW RULES 75% of bankers agree they have a duty to be proactive in writing the rules. Freedom to innovate THOSE THAT DO EXPECT MORE: Opportunity to develop standards that others follow Expanded opportunities for trusted partnerships 6. www.accenture.com/bankingtechvision


Automation is here to stayโ€ฆbut what about your workforce? Deloitte Financial Services

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This Deloitte Global report outlines a clear roadmap for you to deploy RPA within your organization. Our paper indicates that companies that are not already considering automation as a component of a broader worker ecosystem will miss significant opportunities for efficiency, quality enhancement, risk mitigation, innovation, and ultimately growth. This report, Automation is here to stayโ€ฆbut what about your workforce?, is the first in a series of upcoming reports looking at automation in Financial Services. Read this report to learn what automation has to offer, and how that might impact your business. Contact a Deloitte professional to get strategic advice on how you can prepare your workforce for launching your next automation initiative.


Why Automation and AI are Cool, Until They're Not - InformationWeek

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Already, some vendors are touting their ability to replace salespeople and even data scientists. In the past, knowledge jobs were exempt from automation, but with the rise of machine learning and AI, that's no longer true. In the near future, machines will be able to do even more tasks that have historically been done by humans. Somewhere between doomsday predictions and automated utopia is a very real world of people, businesses and entire industries that need to adapt or risk obsolescence. One difference between yesterday's automation and today's automation (besides the level of machine intelligence) is the pace of change.


AI will rob companies of the best training tool they have: grunt work

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Deloitte has what it calls an "apprenticeship model." The international auditing and professional services firm hires thousands of entry level employees with the expectation that most of them will work hard, then leave after they've learned marketable skills. The organization--like many companies--looks like a pyramid, with many more employees at the bottom level than at the middle or top level. That structure makes sense when there's a lot of grunt work to do. In the process of auditing a company, for instance, Deloitte employees used to pick up to 100 contracts to review manually.


Flipboard on Flipboard

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Deloitte has what it calls an "apprenticeship model." The international auditing and professional services firm hires thousands of entry level employees with the expectation that most of them will work hard, then leave after they've learned marketable skills. The organization--like many companies--looks like a pyramid, with many more employees at the bottom level than at the middle or top level. That structure makes sense when there's a lot of grunt work to do. In the process of auditing a company, for instance, Deloitte employees used to pick up to 100 contracts to review manually.


Accenture Becomes Founding Sponsor of Vector Institute for Artificial Intelligence in Toronto

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Accenture Becomes Founding Sponsor of Vector Institute for Artificial Intelligence in Toronto Institute Supported by Canadian, Ontario governments, Industry, and University of Toronto TORONTO; Mar. 30, 2017 โ€“ Accenture (NYSE: ACN) announced it is a founding sponsor of the new Vector Institute for artificial intelligence (AI) in Canada. The relationship is based on a shared mission to identify new business models for artificial intelligence and to position Canada as a global leader in the digital era. The goal of the new Vector Institute โ€“ a non-profit enterprise funded by industry and the federal and Ontario governments โ€“ is to help build and maintain Canada's position at the scientific forefront of the global shift to artificial intelligence (AI). Together with industry and educational organizations including the University of Toronto, the Vector Institute will promote and nurture Canadian talent and research excellence in deep learning and machine learning, and actively seek ways to enable and sustain AI-based economic growth in Canada. Canadian Finance Minister Bill Morneau wears Accenture's AI-enabled DAQRI Smart Helmet during the launch of the Vector Institute for AI at the MaRs Discovery District in Toronto, Ont.


Consulting Companies in Analytics, Data Mining, Data Science, and Machine Learning

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Abbott Analytics, provides data mining consulting, knowledge transfer, and training for direct marketing, fraud detection, bioinformatics, and scientific computing. Algoritmica, providing consultancy and customized predictive analytics solutions for a number of international companies. Altius, specializes in the design and building of business-critical information systems that enhance business intelligence (BI) and performance management. Analytica, a consulting and IT firm serving US public and private sector enterprises focused on national security, law enforcement, health care and financial services. Analytics Advisory Group, offers services to improve your business outcomes by providing advisory, consulting, and training services anchored in Analytics. Analytical People offers a range of services, and resources, to any organisations who are looking to deploy Data Mining, Predictive Analytics or Statistical Analysis tools or methods. Anderson Analytics, focuses on helping clients gain the "Information Advantage" via quantitative and qualitative solutions to challenging marketing problems. Anthem Marketing Solutions, marketing and media strategists armed with the analytical capabilities and product solutions you need to deliver on your goals. Apteco, consultation and advice on the use of Faststats data mining to improve business insight and marketing campaigns. ASID Analytics provides data science consulting services, Tulsa, OK, USA. Austin Provider Solution, healthcare and managed care business intelligence solutions, including DSS for Hedis. Bayesia, providing consulting and customized solutions for computer-aided decision making, specializing in Bayesian Networks. Bentley University Center for Quantitative Analysis, provides professional analytical consulting services in support of fundamental and applied business research. Beyond the Arc, Inc., a strategic consultancy specializing in Voice of the Customer; uses analytics and text mining to translate customer data into knowledge, making customer experience more meaningful.


Artificial intelligence emerging as a force for good

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The topic of artificial intelligence is getting a wealth of attention this year, and a new study from PricewaterhouseCoopers finds that businesses and consumers are warming up to the potential benefits of AI. The PwC study "Bot.Me: A revolutionary partnership" looks at the global impact of AI and was compiled from insights from a 2017 event that gathered AI experts and a survey of 2,500 consumers and business leaders. The study looks at the collective views of AI in society today and its future implications. There are several highlights from this study, including the fact that AI is no longer viewed as primarily a corporate tool to increase automation (and thereby kill jobs). Instead, it is seen as emerging technology that can handle global challenges.


Artificial Intelligence in Government

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Artificial intelligence looks to make all of government more efficient. But agencies face some tough choices.