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Posted: Mon Jan 20, 2025 5:27 am
Create a team away from business units. If you decide to create a team, for example, in a project or IT office, the end result may be disconnected from the real goals of the project or poorly integrated into business processes. It may also lead to insufficient financial support, limited resources, and a low priority for the project, since business units will nigeria telegram number database not have a clear idea of the value of this development.
Assigning a project to an employee without real authority. The GenAI project requires the involvement of a large number of specialists. If the person responsible for the project does not have sufficient authority, he will not be able to assemble a cross-functional team, establish collaboration with other teams, and find the necessary resources for successful implementation.
Because of this, the quality of the product may be lower than desired, and the deadlines will be significantly delayed. Ignore the iterative approach. To successfully launch an innovative project that involves scaling and implementation in various departments of the company, it is important to see the big picture.
Implementing GenAI requires serious investments and can seriously affect the bank's profits and reputation. Therefore, it is important to monitor and adjust the project at all stages. If you do not do this, you can get an ineffective product that does not meet or even harms business goals.
Conclusion According to recent reports, banks and financial institutions around the world are willing to spend huge amounts of money on implementing generative artificial intelligence. Therefore, it seems that the use of these technologies is not a pursuit of trends and competitive advantage, but a necessity. In the long term, the use of artificial intelligence helps to reduce the costs of many processes and at the same time improve their quality.
Assigning a project to an employee without real authority. The GenAI project requires the involvement of a large number of specialists. If the person responsible for the project does not have sufficient authority, he will not be able to assemble a cross-functional team, establish collaboration with other teams, and find the necessary resources for successful implementation.
Because of this, the quality of the product may be lower than desired, and the deadlines will be significantly delayed. Ignore the iterative approach. To successfully launch an innovative project that involves scaling and implementation in various departments of the company, it is important to see the big picture.
Implementing GenAI requires serious investments and can seriously affect the bank's profits and reputation. Therefore, it is important to monitor and adjust the project at all stages. If you do not do this, you can get an ineffective product that does not meet or even harms business goals.
Conclusion According to recent reports, banks and financial institutions around the world are willing to spend huge amounts of money on implementing generative artificial intelligence. Therefore, it seems that the use of these technologies is not a pursuit of trends and competitive advantage, but a necessity. In the long term, the use of artificial intelligence helps to reduce the costs of many processes and at the same time improve their quality.