Generative AI (Gen AI) is like the new superhero on the block, promising to revolutionize finance and boost productivity like never before! 🦸♀️ But here's the plot twist: scaling Gen AI isn't as easy as it sounds.
At the SWIFT International Banker's Operation Seminar 2024 in Beijing, Violet Chung, senior partner at McKinsey & Company, spilled the tea on why Gen AI isn't taking over finance just yet. While AI has been around the finance scene for a while, Gen AI is a whole different game. 🎮
One of the biggest roadblocks? Some employees just aren't on board. Chung pointed out that without top-down support from senior managers, Gen AI projects struggle to go big. \"Twenty different departments doing 40 different Gen AI missions is very expensive… very, very expensive,\" she said. Ouch! 😬
So what's the fix? Leadership needs to lead the way! By setting up role models and showing off the wins, managers can get everyone pumped about Gen AI. \"People have to see why doing this is good,\" Chung added. It's all about the vibes and making Gen AI the next big thing! 🚀
In a world that's moving faster than a TikTok dance trend, embracing Gen AI could be a game-changer for finance. But without everyone on board, it's like trying to start a party without music. 🎉 So, is Gen AI ready to scale up? With the right moves, it just might be!
Reference(s):
cgtn.com
