What’s the next chapter for AI?
AI is no longer something for the distant future. It is already beginning to reshape the financial services industry in major ways.
Artificial agents are taking over tasks and eventually jobs. For a time, these AI solutions will work in silos and that will be inefficient. Looking ahead, in the next phase, businesses will want everything orchestrated.
At FSI’s national OneVoice conference, Mike Byrnes, national speaker and owner of Byrnes Consulting, LLC, presented on the topic of AI. He also made time to share his thoughts in a video produced by WealthManagement by Informa.
Watch a short video for Mike’s advice.
Mike spoke on the rapid evolution taking place. He noted that AI agents and pilots are already starting to revolutionize individual tasks and job functions, and that thousands of new companies will emerge to solve specific business challenges through AI.
The financial industry will not be immune to these changes. As more AI solutions enter the marketplace, one of the biggest opportunities will be figuring out how all of these technologies work together efficiently. Firms that can successfully orchestrate multiple AI tools, while maintaining growth and profitability, will be positioned to lead the next wave of innovation.
The future of AI in financial services is just beginning, and the possibilities (and threats) are enormous.
Not sure what lies ahead with AI and other emerging trends?
Want help building your business strategy for the future?
Contact Byrnes Consulting for assistance.
Read an article covering part of Mike’s FSI OneVoice presentation.
