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6DataastheCurrencyofInnovationUnlockingHuman-CentricityinBanking50ThebankingindustrystandspoisedtoembraceIndustry50withdiscussionsalreadyunderwayaboutusheringintheeraofBanking50AsMohitSagarCEOandEditor-in-ChiefofOpenGovAsiaaptlyobservesBanksneedtorethinkhowtheyinteractwithcustomersintheeraofBanking50TheycanprovidesolutionsbyutilisingAIandmachinelearningthatnotonlysatisfybutalsoanticipatetheneedsoftheirclientsWhilehuman-centricityformsthecoreofBanking50technologyundoubtedlyservesastheenablerAndinthisfifthindustrialrevolutiondataistheundisputedcurrencyBanksandfinancialinstitutionspossessvastrepositoriesofpersonalandtransactionaldataHowevertotrulyunlockthepotentialofthisdataanddeliverpersonalisedinsightfulbankingexperiencesinstitutionsmustreimaginetheirdatastrategiesinternalprocessesandsoftwarearchitecturesSunitKapoorBusinessStrategyandValueEngineeringAdvisoratQlikaUS-baseddataintegrationanalyticsandAIsoftwarecompanyemphasisesthispointHeexplainsAccesstoAItoolsdoesntguaranteesuccess;itsthequalityandstrategybehindthedatathatdrivevalueEvenwiththerapidadvancementsinAIincludingmachinelearningdeeplearningandagenticAIthetoolsthemselvesaresecondarytoarobustorganisationalstrategyandframeworkKapooroutlinesFiveKeyNeedsforAcceleratedAIAdoptionastrategicframeworkfororganisationstoeffectivelyintegrateAIandunleashitsfullpotentialTheseare•TransformationIntegratingandtransformingdatafrommultiplesourcesinreal-timetooptimisedatahandlingandreturnoninvestment(ROI)•TrustBuildingaunifieddataqualityplatformtoensuredataintegrityandtrackdataquality•AccessProvidingaccesstodatawithappropriatetoolsfordifferentinsightsfordifferentuserlevelsfrombusinessanalyststotheC-suite•AnalysingPredictingandRespondingLeveragingtoolslikeGenerativeBusinessIntelligence(GenBI)tostreamlinedashboardsfordifferentuserneeds•ActionEstablishingframeworkstofacilitatetheimplementationofAI-driveninsightsBylayingthisfoundationforAIintegrationthebankingandfinanceindustrycantrulyusherintheeraofBanking50unlockingthepromiseofgenuinecustomerinsightsenhancedengagementandthedeliveryoftruevalue6
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