Top Use Cases for Generative AI in Banking, FSI, & Insurance - Dataiku   

Here's the scoop on Generative AI, according to a June 2023 Dataiku + Databricks survey of 400 senior AI professionals. A whopping 64% of organizations across all industries will “Likely” or “Very Likely” use it over the next year. Plus, 45% of respondents said they are already experimenting with Generative AI. This includes large language models (LLMs), the tech behind ChatGPT.

How do financial institutions stack up? Generative AI aside, respondents in financial services, banking, or insurance show signs of higher maturity compared to other industries, with:

- More mature levels of adoption of artificial intelligence (AI) — 54% are at “expanding” or “embedding” stages.
- More mature organizational structures, with lines of business more likely to have embedded AI capabilities.
- The highest estimated returns on investment for AI initiatives among other industry peers.
- More robust systems in place for measuring AI performance and value.

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