OPENTEXT & TCS
than the others – are more focused on using AI to spur innovation ,” he notes . However , at a time of widespread AI hype , Lars injects a note of realism . “ Right now , everyone wants to have an AI strategy , but we are also reaching the point of disillusion ; it is not as easy or as magical as it looked like 12 months ago ,” he says . “ I expect that a lot of realism will happen over the next 18 months . There are already a good set of practical solutions you can buy and implement , but the real job of understanding your data and cleaning your data will lead to a lot of new insight and hopefully cool solutions that create value for the industry .”
By combining OpenText ’ s advanced information management and AI solutions with TCS ’ s deep industry knowledge and implementation expertise , the two companies are well-positioned to help financial institutions navigate the complexities of AI adoption and unlock its transformative potential .
The road ahead will present challenges , from ensuring ethical AI use to managing cultural change within organisations . But for those BFSI firms willing to embrace AI and partner with experienced guides like OpenText and TCS , the rewards could be substantial . As Unni concludes : “ This will reimagine entire value chains and transform the way BFSI firms do business .”
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