The AI shift in risk, protection and advisory firms

The capabilities of AI have advanced significantly over the last few decades, evolving from traditional rules-based systems and machine learning models to something far more sophisticated.

Today’s AI systems sit in the everyday tools and platforms used by modern-day businesses. They generate content, analyse complex information, write code and interact in everyday language.

The way in which people talk about AI has also changed, particularly over the last few years.

AI is no longer just about innovation or a ‘nice to have’, it’s a survival mechanism for gaining a competitive edge, and those that fail to adapt are at risk of becoming redundant.

Thinking about ‘whether’ to do something with AI is no longer good enough. Instead, advisory firms should be thinking about how to embed AI into their business in a way that genuinely transforms how it operates.

Understanding the three distinct categories of AI and how they can work in practice is crucial to achieving success, especially for those firms looking to put together a clear and effective business strategy.

Read more on IFA Magazine.