artificial intelligence

  • 1647

    Powering Predictions in Congestion Trading: A new era for analytics

    In the world of power trading, the ability to predict congestion demand, and price accurately has become a vital competitive differentiator. Across the sector, decreased volatility has led to more organizations pursuing a greater number of smaller opportunities—and it's clear that traditional approaches are no longer enough. Trading instruments such as Financial Trading Rights (FTR) and Capacity Revenue Rights (CRR), for example, rely on a series of calculations to forecast congestion and determine the best strategy. In the past, traders could succeed with their intuition, relationships and an array dashboards and analytics, including supply-demand power flow models. However, as pressure [...]
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    CAN BANKS GET SMARTER? Rethinking AI in financial services

    As competition in financial services grows, success hinges on delivering exceptional customer service. The high cost of doing so has proved a barrier, driving many firms to turn to innovations that hold huge promise such as artificial intelligence (AI). However, there are major risks and the potential for costly mistakes. Conor Ogle and Rashed Haq look at what strategies need to be in place to ensure AI projects deliver and what firms can learn from recent implementations.

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    ROBOTIC PROCESS AUTOMATION: The silver bullet for operations or another red herring?

    Recognizing that existing operational models cannot be sustained, organizations are exploring new ways to innovate, most notably through robotic process automation (RPA). But is RPA worth the hype? Is it the ultimate solution for enhancing control and reducing costs within operations? Or is it just another quick fix that won’t work over the long term?

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    ARTIFICIAL INTELLIGENCE: how it’s transforming financial services today

    As customers and employees demand better and faster ways to engage, organizations are turning to digital technology to help them transform, remain competitive and grow. For many firms, this means improving how they interact with—and meet—customer needs. In fact, customer experience represents the single best opportunity financial services firms have to deliver on their priorities, according to a survey by Econsultancy. What’s more, 45 percent of respondents indicated that making the customer experience as personalized and relevant as possible is their key focus. CEOs around the world are not asking if digital disruption will occur, but instead, what it means [...]