Artificial Intelligence is revolutionising the way we do business by promising operational efficiency and competitive advantage.
However, many companies face various challenges in adopting and integrating AI, such as high costs, lack of expertise and regulatory complexity, especially in the area of Risk Management, struggling to turn projects into effective operational solutions.
This requires strategic guidance and partnership with industry and AI experts to overcome the challenges of AI adoption and maximise the value of AI investments in risk management.
Fast Track your AI Transformation is the pathway created by SAS to provide companies with teams of risk and technology experts and guide them in identifying suitable use cases for a successful implementation of AI in terms of accountability, reliability, regulatory compliance, ethics and sustainability.
Fast Track your AI Transformation helps companies understand whether and how to leverage AI in the Risk area.
How does Fast Track your AI Transformation work?
The process begins with a detailed analysis of the company's risk management operations to identify the areas where AI could have the greatest impact. This includes exploring new application areas where AI has not yet been used, but could offer innovative and unexpected benefits.
Next, an assessment is carried out to prioritise the different initiatives, focusing on those that promise to bring the greatest added value to the company. This step is crucial to ensure that resources are allocated effectively, maximising the return on investment.
The result?
The output of this process is comprehensive understanding of the actual power of AI in risk management and customised operation optimisation through the assessment of the first use case.
Companies can then decide to extend the study and receive a detailed map of areas where AI can be adapted for Risk Management in their specific context, ensuring a targeted and strategic adoption of AI.
The Fast Track your AI Transformation method
The starting point is an in-depth analysis of the corporate Risk Management context, which can be carried out on both the business and IT side. At this stage, the main use cases for AI within the company are determined and their potential impact is assessed. This process not only identifies where AI can generate value but also allows priorities to be set among the use cases identified, determining which one should be aimed at based on feasibility (taking into account available data, timing, team, governance, etc.) and expected added value.
At the end of this first phase, companies are left with a clear map of AI application opportunities and a delivery plan (a real use case canvas).
Once the main use cases have been identified, we focus on the first application area, which can either be an emerging issue or an enhancement to an established process. Using advanced analysis techniques and preliminary AI models, we estimate the potential impact of implementing these solutions.
This is a crucial stage for gaining a full understanding of what the actual potential of AI might be within a given company, while also determining what critical issues need to be overcome.
The third stage is focused on industrialisation, which is the process of transforming data flows and setting up models to define a specific AI framework.
This step is crucial to move from a proof of concept to an understanding of the real impacts that implementing AI in risk management will have within the company (with respect to the specific use case being worked on). At this next and optional stage, the end-to-end process is defined and the specific AI models are “put into production” so that they can start working for the selected use case.
The last stage of the journey concerns the scalability of projects, i.e. the definition of other use cases in other areas of Risk Management to extend the benefits of AI on a larger scale. This step is crucial to help our customers maximise the value of AI, allowing solutions to be adapted and implemented in the different contexts and application domains of the business organisation. Scalability ensures that the investment in AI is not limited to a single project or department but becomes a driver for transformation and innovation throughout the organisation.
Find out how to transform your business with Artificial Intelligence.
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Fast Track your AI Transformation is an unprecedented opportunity for companies in every industry to strategically and effectively harness artificial intelligence. By taking a holistic and customised approach, this service not only identifies the most promising opportunities for AI adoption, but also provides the resources and assistance needed to turn these opportunities into tangible realities.
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