Artificial intelligence

(AI).

Artificial intelligence is the robotic technology that enables computer systems to perform tasks that previously required human intelligence.

Examples include making decisions and recognising speech.

Every individual must now be at the forefront of AI

"Hashir Abdul Rahim, Head of Digital Products, Markets & Securities Services, HSBC spoke to the broader impact of technology in today’s world and the pace-change of the impact as a technology matures – slow at first and massive impact after attaining a certain level of maturity.

He explained that we see this happening with AI now, which has been around for 50 years, but is suddenly in the mainstream with everyone now being an AI user.

With the advent of such technologies including quantum computing, every organisation, every individual must be at the forefront, educating themselves and their organisations at the very least on how a new technology can impact their respective businesses."

Reflections from the ACT member event in Singapore - 19 September 2024.

Data quality and refresh rates

"While AI opens up numerous opportunities for improvement, treasurers may need to overcome various obstacles along the way, including algorithmic limitations, incomplete data, resistance to change within the organisation, and challenges around the ability to interpret results.

“As in any technological implementation, it is data quality and availability that are key, along with high refresh rates,” says Carl Sharman, a partner in Deloitte’s performance improvement practice.

“High quality outputs can only be generated through high quality inputs, and integration with the organisation's existing data sources is critical.”"

AI in cash management: what is the smart move? - The Treasurer online - 25 October 2023.

See also

• AI
• Algorithm
• Artificial super-intelligence (ASI)
• Augmented reality
• ChatGPT
• Data
• Deepfake
• Fourth industrial revolution
• Google Gemini
• Hallucination
• HLEG
• Human-in-the-loop
• Information technology
• Internet of Things
• ISO 42001
• Machine learning
• Quantum computing
• Refresh rate
• Robot tax
• Robotic process automation
• Robotics
• Software robot
• Technological singularity
• Tokenise

Other resources

• Reflections from the ACT member event in Singapore - 19 September 2024
• AI in cash management: what is the smart move? - The Treasurer online - 25 October 2023