How Vertical AI Strategy Is Being Applied To The Professional Services Industry

Artificial intelligence (AI) and machine learning (ML) technologies are having a significant impact on today's enterprise, particularly in the professional services space where they are driving greater efficiency and productivity. But before companies jump into acquiring the latest products, it is vital to understand how an AI strategy can assist with the overall objectives and solve the key challenges in the business. Only then will AI deliver real value to the business. Legal and financial services firms are leading the way in this regard. Instead of following the trend of deploying generalized AI tools that can be used "horizontally" across many industries and workflows, an approach exemplified by tech giants like Microsoft, Google and Amazon, legal and financial organizations have chosen a more targeted approach.