{"id":156,"date":"2024-05-21T16:23:36","date_gmt":"2024-05-21T16:23:36","guid":{"rendered":"https:\/\/genai.ventures\/?p=156"},"modified":"2024-05-21T16:23:36","modified_gmt":"2024-05-21T16:23:36","slug":"gen-ai-implementations-in-india","status":"publish","type":"post","link":"https:\/\/genai.ventures\/?p=156","title":{"rendered":"Gen AI implementations in India"},"content":{"rendered":"\n\n\n\n

Gen AI is now catalyzing a significant shift in India, with 78% of surveyed financial institutions implementing or planning Gen AI integration. Around 61% anticipate a profound impact on the value chain, enhancing efficiency and responsiveness. Globally, institutions foresee a 5 to 10 year timeline for full automation harnessing, strategically investing in areas with immediate benefits, such as customer service and cost reduction.<\/p>\n\n

Gen AI will have a huge\u00a0impact on the entire\u00a0value chain, making it\u00a0more efficient and\u00a0responsive to market\u00a0dynamics<\/p>\n\n

Generative AI plays a pivotal role in\u00a0transforming financial services by\u00a0driving product and service\u00a0innovation through advanced\u00a0research methodologies, capturing\u00a0the voice of the customer, and\u00a0providing valuable market and\u00a0competitor insights to shape and\u00a0enhance features<\/p>\n\n

Generative AI in financial services\u00a0serves as underwriting co-pilots,\u00a0adept at handling unstructured\u00a0data, providing crucial information\u00a0and insights for credit managers. It\u00a0excels in knowledge management\u00a0by organizing policies, SOPs, and\u00a0onboarding kits, even tailoring\u00a0personalized welcome messages<\/p>\n\n

\"\"<\/figure>\n\n

https:\/\/www.ey.com\/en_in\/ai\/generative-ai-india-report\/industries-in-transformation\/financial-services<\/a><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

Financial institutions have recognized the transformative potential of Gen AI, as evidenced by the fact that about 78% of the respondents in the survey have either put the technology into practice in at least one use-case<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-156","post","type-post","status-publish","format-standard","hentry","category-10-use-cases-mid-size-banks"],"_links":{"self":[{"href":"https:\/\/genai.ventures\/index.php?rest_route=\/wp\/v2\/posts\/156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/genai.ventures\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/genai.ventures\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/genai.ventures\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/genai.ventures\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=156"}],"version-history":[{"count":2,"href":"https:\/\/genai.ventures\/index.php?rest_route=\/wp\/v2\/posts\/156\/revisions"}],"predecessor-version":[{"id":160,"href":"https:\/\/genai.ventures\/index.php?rest_route=\/wp\/v2\/posts\/156\/revisions\/160"}],"wp:attachment":[{"href":"https:\/\/genai.ventures\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/genai.ventures\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/genai.ventures\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}