Robotic Refactoring the Workplace
Artificial Intelligence regulations and its impact on medical devices
Data as a Business
Minimizing cyber risk through effective governance
How To Find Your Brand's Voice In An Increasingly Tech-Driven World
Dawn Lerman, Ph.D. Professor of Marketing and Executive Director, Center for Positive Marketing, Fordham University and Author of The Language of Branding: Theories, Strategies and Tactics
3 Ways to Integrate AI into Your Business Today
Rick Stanbridge, Executive Vice President And Chief Information Officer Of Marco’s Pizza
The Role Of Ai And Ml In Our Digital Future
Leonard Aukea, Head Of Machine Learning Engineering And Operations, Volvo Cars
Five Key Benefits Of Artificial Intelligence (Ai) In Nutrition...
Jarrod Anderson, Senior Director, Artificial Intelligence, Adm
Thank you for Subscribing to CIO Applications Weekly Brief
AI in the business ecosystem can identify patterns and connections, thus giving possibilities to improve risk management.
FREMONT, CA: Artificial Intelligence (AI) is one of the key drivers transforming the business landscape. However, the most important application of AI in business is risk management. It provides enterprises with tools and applications to identify potential risks and fraud. AI solutions are able to fuel firms with trusted and timely data for building competence and successful implementation of their strategies.
Chatbots and customer-facing AI applications have obtained a lot of popularity when it comes to risk mitigation. Employing AI to prevent or manage risk essentially makes sense, especially when the businesses are unable to identify money laundering and hazardous fraud strategically. Robust risk detection systems place customers at ease and enhance the business' reputation. For instance, consumers are more likely to do business with brands with a track record of thwarting cyber attacks. Also, enterprises would acknowledge the significant time and cost savings by using AI to automate absolute compliance, cybersecurity activities, and fraud detection
Businesses cannot take compliance, fraud detection, and cybersecurity lightly as they would have to end up disastrous. The consequences that companies have to face as a result of failing to identify and prevent money laundering could be hurting the reputation built with hard efforts. Additionally, losses posed by attackers are eye-watering. Given the business's focus on automation, compliance-handling teams are possibly to drive the department towards the integration of AI. Believing that AI is to aid as expected, business leaders are ensuring that the AI applications at organizational levels are continual and yield ROI along with sustaining enthusiasm for experimenting with the technology.
See Also:
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info
Featured Vendors
-
Jason Vogel, Senior Director of Product Strategy & Development, Silver Wealth Technologies
James Brown, CEO, Smart Communications
Deepak Dube, Founder and CEO, Datanomers
Tory Hazard, CEO, Institutional Cash Distributors
Jean Jacques Borno, CFP®, Founder & CEO, 1787fp
-
Andrew Rudd, CEO, Advisor Software
Douglas Jones, Vice President Operations, NETSOL Technologies
Matt McCormick, CEO, AddOn Networks
Jeff Peters, President, and Co-Founder, Focalized Networks
Tom Jordan, VP, Financial Software Solutions, Digital Check Corp
Tracey Dunlap, Chief Experience Officer, Zenmonics