{"id":1653,"date":"2018-06-15T11:11:00","date_gmt":"2018-06-15T11:11:00","guid":{"rendered":"https:\/\/digiterrebestg.wpengine.com\/?p=1653"},"modified":"2024-05-30T13:25:32","modified_gmt":"2024-05-30T13:25:32","slug":"well-implemented-ai-delivers-both-operational-and-competitive-success","status":"publish","type":"post","link":"https:\/\/www.digiterre.com\/us\/2018\/06\/15\/well-implemented-ai-delivers-both-operational-and-competitive-success\/","title":{"rendered":"Well implemented AI delivers both operational and competitive success"},"content":{"rendered":"<section id=\"block_e94385b5158945a629148a301c16e59d\" class=\"acf-blocks page-header flex flex-wrap items-center justify-center !mt-0 bg-center bg-no-repeat bg-cover py-16 min-h-[30rem] \" style=\"background-image:linear-gradient(0deg, rgba(0, 0, 0, 0.6), rgba(0, 0, 0, 0.6)), url(https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2023\/04\/ai_0-1500x1000-c-default.jpg);\">\n    <div class=\"container mx-auto text-center\">\n        <h1>Well implemented AI delivers both operational and competitive success<\/h1>\n\n                <p class=\"lg:text-2xl font-medium text-white max-w-5xl mx-auto\">As science fiction writers warned us, artificial intelligence (AI) and machine learning are now right in our midst. They\u2019ve acquired unprecedented power and are poised to take over the world!<\/p>\n        \n            <\/div>\n<\/section>\n\n\n<div class=\"wp-block-columns aligncenter is-section is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>That\u2019s the dystopian vision\u2026 but savvy business leaders are increasingly aware of the need to embrace AI and tap into its potential to transform the way they operate for the better. We work with a number of major companies to understand how they can use AI to their business advantage and implement software solutions to suit their individual needs. And yes, it\u2019s about&nbsp;<em>transforming,<\/em>&nbsp;not simply changing like for faster like.<\/p>\n\n\n\n<p>We begin each project by testing for six requirements that apply for the AI to be truly valuable.<\/p>\n\n\n\n<ul class=\"wp-block-list custom-bullet\">\n<li><em>Find the proverbial needles in the haystacks<\/em><\/li>\n<\/ul>\n\n\n\n<p>The first requirement for AI is the ability to sift through vast sets of complex data or \u2018big data\u2019 and draw out valuable information. To do this without human prompting or supervision, as \u2018unsupervised learning\u2019, it needs to be programmed with the capability to break the data down according to recognized parameters and then to sort the data accordingly in order to make the discoveries required for effective modelling.<\/p>\n\n\n\n<p>The obvious advantage of AI over humans in this respect is the machine\u2019s ability to quickly investigate millions of records in detail, yielding a far more accurate overall picture. For businesses that process large volumes of data, such as a financial services company that carries out millions if not billions of transactions, AI revolutionizes the scope and depth of analysis that it is possible to carry out.<\/p>\n\n\n\n<ul class=\"wp-block-list custom-bullet\">\n\n<li><em>Value AI\u2019s predictive powers<\/em><\/li>\n\n<\/ul>\n\n\n\n<p>Second comes the need to make predictions based on the data. A prime example of this is weather forecasting, which has been using computers for decades to match weather patterns with past weather events and learn from accurate and inaccurate forecasts to fine-tune the accuracy of new forecasts. The boom in computing power and AI has taken weather forecasting to new dimensions, enabling far bigger data sets to be processed faster, for ever more accurate forecasts.<\/p>\n\n\n\n<p>In business, the same principle is being applied to behaviors such as data security breaches, where machines scan for patterns and anomalies in user behavior and predict where an intrusion is likely to occur. As organizations gather and store ever-greater volumes of personal data, this is becoming increasingly important for mitigating risk.<\/p>\n\n\n\n<ul class=\"wp-block-list custom-bullet\">\n\n<li><em>Deliver justification of predictions<\/em><\/li>\n\n<\/ul>\n\n\n\n<p>It\u2019s not enough for AI to detect and predict, it needs to be able to justify its findings to be credible. It can\u2019t be left to human operators to look for the arguments behind each prediction or suggestion that AI puts forward \u2013 the machine must be capable of presenting its own arguments. This is where the autonomy of AI really comes to the fore. Like any good employee, it must be ready to act off its own bat to carry out its tasks and to justify its findings to management.<\/p>\n\n\n\n<ul start=\"4\" class=\"wp-block-list custom-bullet\">\n<li><em>See machine learning as an essential<\/em><br>A further \u2018human\u2019 trait required of AI is the ability to adapt and learn as the landscape changes. Data sets are evolving constantly and a set of rules that applies on one day may be irrelevant the next. This calls for a degree of self-awareness \u2013 the ability for AI to monitor its own performance and rules, recognize the need to evolve as the underlying data distributions change and make or recommend the necessary changes. This trait is crucial for future-proofing and enabling businesses to scale up and move into new areas.<\/li>\n\n\n\n<li><em>Make AI \u2018live\u2019 through rigorous testing<\/em><\/li>\n<\/ul>\n\n\n\n<p>The testing of AI is required to ensure its systems have the ability to act and in itself requires new skillsets. Most AI experiments tested for effective discovery, predict and justify functionality fail to make it to the real world \u2013 so test and test again!<\/p>\n\n\n\n<ul start=\"6\" class=\"wp-block-list custom-bullet\">\n<li><em>Generate not just faster, but totally new insights<\/em><\/li>\n<\/ul>\n\n\n\n<p>In practical terms, the reporting function is a significant step forward facilitated by AI. An AI enabled organization can distribute reliable data reports across the whole organization, in an instant, from a central view, with analysis taking place in real time. Machine learning can be used to replace the tedium of monitoring, with insights brought to a manager\u2019s attention through a feed, with different viewpoints powering actions, backed by insights.<\/p>\n\n\n\n<p>Financial institutions are leveraging AI in this way, to improve the way they meet regulatory reporting requirements. For example, Digiterre\u2019s centralized AI solutions collect trading data and present it to view, analyze and report across organizations. They are built to satisfy not only current day needs but are scalable and adaptable to accommodate strategic plans for growth, and at the same time, accommodate the uncertainties this brings.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Meeting regulatory requirements through AI can create new commercial opportunities<\/strong><\/h4>\n\n\n\n<p>By addressing and meeting the six requirements shown, such AI solutions not only enable companies to meet their regulatory obligations reliably and efficiently, but also offer them a competitive advantage, now and for the future, by enabling intelligent real-time, business-wide analysis of data flows and by prompting new commercial opportunities. Furthermore, management can sleep that much better at night knowing machine-learning solutions are flexible enough to tackle unknown future trading volumes.<\/p>\n\n\n\n<p>AI will inevitably replace some human roles, speeding up the more mundane, processes, increasing their efficiency and effectiveness but more so by doing the work that people cannot do. It\u2019s not a binary switch, but a continuum of technological sophistication that leaves the workforce with more time to focus on their areas of expertise, to leverage the new world of AI and machine learning and to open up new areas of business opportunity. Rather than being rendered redundant by AI, it\u2019s the way we all learn to work with and optimize AI that will determine how our businesses evolve in the years to come.<\/p>\n<\/div>\n<\/div>\n\n\n\n<section id=\"block_0b410de00708ed2ab79aa2368fadb677\" class=\"acf-blocks post-meta container mx-auto \">\n    <div class=\"max-w-fit mx-auto p-4 relative after:content-[''] after:absolute after:top-0 after:left-0 after:w-full after:h-[2px] lg:after:w-[2px] lg:after:h-[100%] after:bg-dark after:rounded-full\">\n        <h3 class=\"text-4xl font-semibold text-center md:text-left\">About the Author<\/h3>\n        <div class=\"md:flex items-start lg:items-center md:justify-start flex-wrap\">\n                  \n            <img loading=\"lazy\" decoding=\"async\" width=\"106\" height=\"150\" src=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2024\/12\/Juniper-Place-case-study-pdf-106x150.jpg\" class=\"rounded-digiterre md:w-24 md:h-24 lg:w-36 lg:h-36 md:mr-4 shadow-digiterre shadow-dark\/[.15] mb-4 md:mb-0 mx-auto md:mx-0\" alt=\"\" \/>                        <div>\n                <h4 class=\"text-2xl mb-2 font-semibold text-center md:text-left\">Digiterre<\/h4>\n\n                \n                                \n            <\/div>            \n        <\/div>\n        <div class=\"flex flex-wrap items-center justify-center md:justify-start font-visby text-sm w-full md:space-x-4 mt-6\">\n            <span class=\"block md:inline-block rounded-full px-5 py-3 bg-primary-lightest text-primary\">Date: <strong>15\/06\/18<\/strong><\/span>\n            <span class=\"block md:inline-block rounded-full px-5 py-3 bg-primary-lightest text-primary mt-4 md:mt-0\">Category: <strong>Industry Insights\/ Tech Insights<\/strong><\/span>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n<section id=\"block_ea04393d6a9154296442b36fc1c9ce82\" class=\"acf-blocks insights-posts-grid container mx-auto flex flex-wrap items-start \">\n    <div class=\"grid grid-cols-1 md:grid-cols-2 gap-6 lg:w-3\/4 pr-6\">\n                        <article class=\"flex items-start\">\n                    <a href=\"https:\/\/www.digiterre.com\/us\/2025\/06\/03\/digiterre-opens-in-dusseldorf-strengthening-our-presence-in-germanys-energy-market\/\" class=\"contents\" title=\"Digiterre Opens in D\u00fcsseldorf: Strengthening Our Presence in Germany\u2019s Energy Market\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Website-article-posts-for-new-website-150x150.jpg\" class=\"rounded-digiterre w-24 h-24 lg:w-36 lg:h-36 md:mr-4 shadow-digiterre shadow-dark\/[.15] hover:scale-105 transition-all duration-300 wp-post-image\" alt=\"\" srcset=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Website-article-posts-for-new-website-150x150.jpg 150w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Website-article-posts-for-new-website-300x300.jpg 300w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Website-article-posts-for-new-website-1024x1024.jpg 1024w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Website-article-posts-for-new-website-768x768.jpg 768w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Website-article-posts-for-new-website-1536x1536.jpg 1536w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Website-article-posts-for-new-website-2048x2048.jpg 2048w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\n                    <div class=\"flex flex-wrap flex-col justify-between h-full pl-4 md:pl-0\">\n                        <a href=\"https:\/\/www.digiterre.com\/us\/2025\/06\/03\/digiterre-opens-in-dusseldorf-strengthening-our-presence-in-germanys-energy-market\/\">\n                            <h4 class=\"text-base lg:text-xl mb-4 font-semibold md:mb-2 hover:text-primary-dark transition-all duration-300\">Digiterre Opens in D\u00fcsseldorf: Strengthening Our Presence in Germany\u2019s Energy Market<\/h4>\n                        <\/a>\n                        <div class=\"font-visby text-sm\">\n                            <p class=\"mb-1 text-sm md:text-base\">Date: <strong>03\/06\/25<\/strong><\/p>\n                            <p class=\"mb-0 text-sm md:text-base\">By: <strong>Laurence Pisani<\/strong><\/p>\n                        <\/div>\n                    <\/div>\n                <\/article>\n\n                        <article class=\"flex items-start\">\n                    <a href=\"https:\/\/www.digiterre.com\/us\/2025\/05\/21\/modernizing-c-in-tier-1-banks-balancing-performance-and-progress\/\" class=\"contents\" title=\"Modernizing C++ in Tier 1 Banks: Balancing Performance and Progress\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-3-150x150.jpg\" class=\"rounded-digiterre w-24 h-24 lg:w-36 lg:h-36 md:mr-4 shadow-digiterre shadow-dark\/[.15] hover:scale-105 transition-all duration-300 wp-post-image\" alt=\"\" srcset=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-3-150x150.jpg 150w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-3-300x300.jpg 300w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-3-1024x1024.jpg 1024w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-3-768x768.jpg 768w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-3-1536x1536.jpg 1536w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-3-2048x2048.jpg 2048w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\n                    <div class=\"flex flex-wrap flex-col justify-between h-full pl-4 md:pl-0\">\n                        <a href=\"https:\/\/www.digiterre.com\/us\/2025\/05\/21\/modernizing-c-in-tier-1-banks-balancing-performance-and-progress\/\">\n                            <h4 class=\"text-base lg:text-xl mb-4 font-semibold md:mb-2 hover:text-primary-dark transition-all duration-300\">Modernizing C++ in Tier 1 Banks: Balancing Performance and Progress<\/h4>\n                        <\/a>\n                        <div class=\"font-visby text-sm\">\n                            <p class=\"mb-1 text-sm md:text-base\">Date: <strong>21\/05\/25<\/strong><\/p>\n                            <p class=\"mb-0 text-sm md:text-base\">By: <strong>Digiterre<\/strong><\/p>\n                        <\/div>\n                    <\/div>\n                <\/article>\n\n                        <article class=\"flex items-start\">\n                    <a href=\"https:\/\/www.digiterre.com\/us\/2025\/05\/07\/legacy-threat-cybersecurity-lessons-from-retail-attacks\/\" class=\"contents\" title=\"Legacy Threat: Cybersecurity Lessons from Retail Attacks\u00a0\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-4-150x150.jpg\" class=\"rounded-digiterre w-24 h-24 lg:w-36 lg:h-36 md:mr-4 shadow-digiterre shadow-dark\/[.15] hover:scale-105 transition-all duration-300 wp-post-image\" alt=\"\" srcset=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-4-150x150.jpg 150w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-4-300x300.jpg 300w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-4-1024x1024.jpg 1024w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-4-768x768.jpg 768w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-4-1536x1536.jpg 1536w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-4-2048x2048.jpg 2048w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\n                    <div class=\"flex flex-wrap flex-col justify-between h-full pl-4 md:pl-0\">\n                        <a href=\"https:\/\/www.digiterre.com\/us\/2025\/05\/07\/legacy-threat-cybersecurity-lessons-from-retail-attacks\/\">\n                            <h4 class=\"text-base lg:text-xl mb-4 font-semibold md:mb-2 hover:text-primary-dark transition-all duration-300\">Legacy Threat: Cybersecurity Lessons from Retail Attacks\u00a0<\/h4>\n                        <\/a>\n                        <div class=\"font-visby text-sm\">\n                            <p class=\"mb-1 text-sm md:text-base\">Date: <strong>07\/05\/25<\/strong><\/p>\n                            <p class=\"mb-0 text-sm md:text-base\">By: <strong>Digiterre<\/strong><\/p>\n                        <\/div>\n                    <\/div>\n                <\/article>\n\n                        <article class=\"flex items-start\">\n                    <a href=\"https:\/\/www.digiterre.com\/us\/2025\/04\/30\/data-under-pressure-rethinking-data-management-in-a-volatile-tariff-driven-market\/\" class=\"contents\" title=\"Data Under Pressure: Rethinking Data Management in a Volatile, Tariff-Driven Market\u00a0\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-2-150x150.jpg\" class=\"rounded-digiterre w-24 h-24 lg:w-36 lg:h-36 md:mr-4 shadow-digiterre shadow-dark\/[.15] hover:scale-105 transition-all duration-300 wp-post-image\" alt=\"\" srcset=\"https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-2-150x150.jpg 150w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-2-300x300.jpg 300w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-2-1024x1024.jpg 1024w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-2-768x768.jpg 768w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-2-1536x1536.jpg 1536w, https:\/\/www.digiterre.com\/us\/wp-content\/uploads\/sites\/2\/2025\/06\/Tech-blog-1-2-2048x2048.jpg 2048w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\n                    <div class=\"flex flex-wrap flex-col justify-between h-full pl-4 md:pl-0\">\n                        <a href=\"https:\/\/www.digiterre.com\/us\/2025\/04\/30\/data-under-pressure-rethinking-data-management-in-a-volatile-tariff-driven-market\/\">\n                            <h4 class=\"text-base lg:text-xl mb-4 font-semibold md:mb-2 hover:text-primary-dark transition-all duration-300\">Data Under Pressure: Rethinking Data Management in a Volatile, Tariff-Driven Market\u00a0<\/h4>\n                        <\/a>\n                        <div class=\"font-visby text-sm\">\n                            <p class=\"mb-1 text-sm md:text-base\">Date: <strong>30\/04\/25<\/strong><\/p>\n                            <p class=\"mb-0 text-sm md:text-base\">By: <strong>Laurence Pisani<\/strong><\/p>\n                        <\/div>\n                    <\/div>\n                <\/article>\n\n        \n    <\/div>\n    <div class=\"w-full lg:w-1\/4 lg:pl-4 py-6 mt-8 lg:mt-0 relative after:content-[''] after:absolute after:top-0 after:left-0 after:w-full after:h-[2px] lg:after:w-[2px] lg:after:h-[100%] after:bg-dark after:rounded-full\">\n        <h3 class=\"text-4xl font-semibold mb-2\">Follow Us<\/h3>\n        <p class=\"text-digi-grey font-semibold\">Get the latest news and stay up to date<\/p>\n        <ul class=\"font-visby\">\n                            <li 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