The increasingly rapid movement of technology out of back offices and into the hands of most of the world's population has profound effects. Even though the pandemic is widely credited with accelerating digital uptake, the full progression is really just beginning to shift from linear to exponential. As bank technology consultant Shanker Ramamurthy likes to point out, most of the world's population now walks around with "trillion-dollar" computers in their pockets. Ramamurthy is Global Managing Partner, Banking for IBM's Global Business Services group, the giant tech company's banking and consulting practice. Adding to that, IBM itself has been humbled by the same forces of digital transformation impacting the businesses it serves.
Takeaway: Before AI and the rise of FinTech, very few industry giants had the bandwidth to deal with the inherently quantitative nature of our now tech-savvy world. These AI use cases detail how AI has been a game-changer for FinTech. We've scoped out these real-world AI use cases so we could detail how artificial intelligence has been a game-changer for FinTech. Few verticals are such a perfect match for the improved capabilities brought by the AI revolution like the financial sector. Traditional financial services have always struggled with massive volumes of records that need to be handled with maximum accuracy.
With the increased pressures placed on the business over the past year or so, perhaps it should come as little surprise that many enterprises chose to delay or are lagging behind in their digital transformation pushes. But simultaneously, organizations are acknowledging that a digital overhaul is now a prerequisite for continued growth, with artificial intelligence (AI) and blockchain technologies establishing themselves as two powerful DX trends in recent years. Long the stuff of science fiction fodder, AI has often been depicted as running amok and attempting hostile takeovers of electronic systems in media. But recent Google research indicates AI can become overly aggressive in the right circumstances, or is that the wrong circumstances? Either way, the intrinsic structural elements of another major enterprise trend, blockchain tech, could be the solution to combating AI aggression.
In the first of our two AI-themed live online events, we invite four guest speakers working at the forefront of AI to share their exciting work. Learn about the vast applications of AI, the underlying innovative technologies and gain valuable insights on how you can build successful careers in this arena. Be inspired by their fascinating stories ranging from founding the company, product development, conducting research studies and seeking partnerships for the business. Our free-for-all event will include a presentation by our guest speakers followed by a Q&A session which will be led by SIU hosts. Please register via EventBrite to reserve a spot.
ARK Invest defines ''disruptive innovation'' as the introduction of a technologically enabled new product or service that potentially changes the way the world works. ARK focuses solely on offering investment solutions to capture disruptive innovation in the public equity markets. ARK began publishing Big Ideas in 2017. This annual research report seeks to highlight the latest developments in innovation and offers some of our most provocative research conclusions for the year. ARK notes that risks associated with investment in disruptive innovation include: rapid pace of change, exposure across sectors and markets, uncertainty and unknowns, regulatory hurdles, political and legal pressures and competitive landscape.
In the movie All The President's Men, Woodward and Bernstein meet their informant in a parking garage who tells them: "Follow the money." If you want to know which technologies are hot in banking, you should do the same. The truly "hot" technologies in banking are the ones that financial institutions invest in--not necessarily the ones the pundits talk about. At the end of the past seven years, Cornerstone Advisors has surveyed financial institutions to find out where their technology dollars will go in the coming year. In Cornerstone's What's Going On in Banking 2021 study, the top five technologies for 2021 are: 1) Digital account opening; 2) Application programming interfaces (APIs); 3) Video collaboration; 4) P2P payments; and 5) Cloud computing.
Referring with my screen, I'm gonna I'm going to finish the presentation first so last night uh as a as a simply next step um oh, yeah. So I think this is good. This confirms what I have uh in my in my slide coming from our consultation. Christians came 30%, I would say this is very uh interesting promising uh and uh perhaps setting the stage for the discussion on how we should we should achieve this. Come out uh next year early next year with the revised plan and with uh a proposed regulatory framework uh that will apply to Europe uh but of course we're interested in uh discussing and exchanging ideas with other countries and in particular with UA and I look forward to this.
Digital Transformation affects not only companies but also employees. This change is continuous and already reveals that digital skills are essential in the job. Above all, the demands on the employees are subject to this change, because classic processing will no longer count as a job guarantee in the near future. Instead, innovative IT-based professions are currently enjoying a real boom. In a digital world, processes are particularly relevant.
With the power of Cartesi's decentralized verification, applications will be able to outsource and distribute verifiable work. This opens new possibilities for trustless marketplaces and autonomous systems involving humans and machines, propelling loT, data science and Al through new business models.