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Mention the transformative power of AI, and many people’s minds turn to futuristic scenarios where robots eventually run the world free from human influence. However, Nate Castro, GM of Financial Services at Invisible Technologies, says that for FinServ enterprises, the reality is more mundane and much more immediate. AI is likely to have a significant impact on financial services and many enterprises within the sector have been among the technology’s early adopters.
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But most still aren’t properly equipped to take full advantage of AI without outside help, according to Invisible Technologies’ Head of Business Development, Financial Services, Addison Chu. Invisible Technologies Inc. (“Invisible,” “we,” “us,” and “our”) delivers digital work by outsourcing business processes to human agents. The AI revolution is being driven by data, so those industries that produce the most of it also have the most potential for disruption.
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That’s especially true when, like in the healthcare sector, most of that data has to date gone unutilized, says Invisible Technologies’ GM of Healthcare, Rishi Madhok MD. AI has the power to transform digital platforms, allowing them to scale up and take on new markets far more efficiently and cost-effectively than ever before. However, unlocking its potential is impossible without humans in the loop, says Invisible Technologies’ Partner and Vice President of Operations, Jean-Paul Biondi. How to Unlock AI's Potential in High Growth Marketplaces | Invisible ... The growing uptake of AI has led some to suggest it will destroy jobs and contribute to unemployment.
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However, Invisible Technologies Chief Financial Officer Joe Chittenden-Veal says the reverse is more likely. Invisible’s value proposition lies in our deep relationships with the world’s leading AI model development firms, for whom we provide human-in-the-loop data training that delivers more accurate and helpful models.