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Erica Andersen

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smartR AI
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Erica Andersen

Uncovering Genuine AI Insights for Financial Services

Conversational AI and Document Querying: A Path to Business Benefit, Data Control, and Cost Management In the digital age, financial institutions are constantly seeking new ways to leverage technology for extracting valuable insights from their data. The rise of conversational AI and document querying has stirred excitement among financial profess...

13 August 2024 /ai /devops Analytics in Banking

Erica Andersen

The software ownership dilemma

Software ownership has undergone an interesting evolution. Traditionally, software producers retained ownership, through licensing or the use of Software as a Service (SaaS). However, the AI era provides an opportunity to bring about a significant shift. A key difference in the AI era is the increasing customization of software for individ

12 August 2024 /ai /security Artificial Intelligence and Financial Services

Erica Andersen

Data Chaos? AI can save the day

In the era of big data, organizations are increasingly relying on vast amounts of information to drive their decision-making processes. The rapid growth of digital technologies, coupled with the proliferation of data sources, has led to an unprecedented increase in the volume, variety, and velocity of data. However, the reality is that a signific

08 August 2024 /ai /predictions Artificial Intelligence and Financial Services

Erica Andersen

My Take on the EU AI Act: A Game-Changer with Some Head-Scratchers

As someone who's been following the AI industry closely, I have to say the new European Union AI Act has really caught my attention. It's a beast of a document; 458 pages and 113 articles! When I first heard about it, I thought, "Well, there goes my weekend reading." But jokes aside, this is a big deal, folks. It's probably the most amb

25 July 2024 /ai /regulation Artificial Intelligence

Erica Andersen

Navigating Personal Data in LLMs: A GDPR Perspective

In a recent talk I attended, a legal expert advised against inputting personal data into AI models. But is this blanket statement truly accurate? The reality is far more nuanced, especially when we consider GDPR, the gold standard for personal data protection. This article explores how GDPR intersects with the use of personal information in AI mod...

16 July 2024 /ai /security Artificial Intelligence

Erica Andersen

Decoding AI Adoption: 6 Key Rules to Separate Authentic Innovation from the Hype

AI has become the hottest buzzword of the decade, with chatGPT—last year alone growing to 100,000,000 users within three months—the fastest growth in a new product ever. Since then, everyone, from startups to old-line businesses, has rushed to claim they are doing it. It’s no wonder, as McKinsey’s report, “Mind the Gap: AI Leaders Pulling Ahead” ...

09 July 2024 /ai Artificial Intelligence and Financial Services

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