There’s no doubt about it. Generative AI promises to transform how financial institutions conduct analysis, research markets, and serve clients. While there will always be a need for human oversight and ingenuity, using AI can make everything more efficient for financial professionals. For researchers, advisors, analysts, and other financial professionals, generative AI allows streamlining time-intensive processes—which...
By now, it’s highly likely that at least some conversation of Generative AI has crept into your life in professional services. While there are debates about the pros and cons of the technology, there is no doubt that Generative AI is emerging as a game-changing technology for professional services firms like management consultants, market researchers, IT services, and more. More and more companies and professionals...
As risk management becomes increasingly data-driven, generative AI is emerging as a game-changing technology for risk teams. This is great news for you as a risk professional because it enables you to automate repetitive tasks so you can focus on higher-value analysis and strategic advising. In this article, we explore 5 key applications of AI for transforming risk management, and how you can best use these tools to...
Communications professionals face immense demands to continuously produce content across multiple platforms and channels. Generative AI is emerging as a game-changing technology to automate certain communications tasks and boost productivity. For marketing, PR, social media, and other communications professionals, generative AI enables drafting press releases, website copy, social posts, presentation materials, and...
As anyone in manufacturing knows supply chain disruption has been a constant theme of the last few years. From COVID-19 to the war in Ukraine to raw material shortages, it has been a challenge to make sure all of the parts of your supply chain are running smoothly. Not only that, but increasing Environmental, Social, and Governance legislation make imperative that manufacturers do their due diligence to ensure that...
Millennials have long been the most hated generation. From Baby Boomers calling them “lazy” to Gen Z calling them “cheugy” and “cliché,” it seems like the now 27- to 42-year-olds can’t catch a break. But the biggest complaint from older generations is actually proof that millennials are important: Boomers notably lament the fact that millennials shook things up—they...
The youngest generation in the workforce, Gen Z (cordially called “Zoomers” at times) has a unique set of values that distinguishes them even from millennials . A cohort defined by their love of trends and social media, Gen Z can be an enigma for investors who are attempting to reach younger audiences. Staying on top of this generation’s ethos and internet habits is crucial for financial services providers...
The proliferation of Big Data and the use of artificial intelligence has changed the game for financial services. Now more than ever, it’s critical that companies have trustworthy ways of performing their practices, finding new investments and conducting research. And all of those boxes can be checked off in one fell swoop when companies begin using data analytic tools. In this blog, we will outline why data analytics...
In a recent LinkedIn post , data and technology transformation consultant Tommy Tang writes, “Generative AI has emerged as a potent tool across various domains, from content creation to bolstering decision support systems.” He warns, however, that “The efficacy of generative AI is intrinsically tied to the quality of its training data.” And therein lies the challenge, aptly summarized by the...
Developing strong media intelligence for PR and brand management truly depends on the methods you choose to analyze the data gathered through your media mining and monitoring efforts. What you look at and how you look at it are key to understanding how your brand, organization, or campaign is situated within the larger media landscape—and ultimately perceived by the public. We explore basic and advanced measurement...
Content is king when it comes to improving brand recognition; however, context is king when it comes to managing reputational risk . Simply put, reputation is rooted in perception, and to truly manage reputational risk, you must first measure perception. As researchers wrote for the Harvard Business Review , “A detailed and structured analysis of what the media are saying is especially important because the media...
Generative Artificial Intelligence (GenAI) stands as a transformative force in the digital landscape, promising innovative solutions and creative approaches to data synthesis. However, GenAI faces its fair share of adoption hurdles. Organizations committed to leveraging generative AI must navigate through myriad challenges, ensuring both the solution efficacy and ethical application. Let’s delve into the top 8...
As any communications pro can attest, shaping the media narrative of a brand, campaign, or organization has grown increasingly difficult. The media landscape is vast, runs deep, and permeates our lives via television, print, the internet, and even art and experiences. The sheer volume of data to parse— estimated to reach 180 zetabytes by 2025 —is mindboggling. Furthermore, mass media content specifically is...
February 2024 marked two years since the latest conflict in Ukraine began. As well as its tragic impact on so many lives, the war has also brought new third-party risks which companies need manage–or face supply chain interruptions or even enforcement action by regulators. In this blog, we look at the main risks for companies and suggest how they should respond. Legal and financial risks of two years of ever...
Recent years have been characterized by supply chain disruption–from Covid-19 to the Suez blockage to the invasion of Ukraine. Moreover, companies who fail to identify and manage illegal or unethical activity in their supply chain face increasing regulatory, reputational, financial, and strategic risks. In this blog, we look at some of these risks, and show how smart use of data and technology can give companies...
Anyone who’s used the internet for their own shopping or banking needs has undoubtedly already seen examples of embedded finance (abbreviated as EmFi). And yet, the average consumer would likely have no idea how to define the term “embedded finance.” But EmFi’s growing popularity makes it more than just a simple buzzword or pop-up window,; it's a key financial services trend that finance pros...
While global supply chain risk is certainly not new, our need and ability to identify and assess it quickly affects every facet of our businesses. From the ESG expectations of consumers and the increasing global regulations to company board and c-suite expectations, supply chain transparency and risk management is of the utmost importance for success. During the Covid-19 pandemic, supply chain disruptions plagued at...
Top Risks to Address for Third Party Due Diligence Only have a minute? Watch this quick video for a summary of the key points of the article. Third parties help companies to deliver their products and services, but they also expose them to regulatory, financial, strategic, and reputational risks. In this blog, we look at five key third party risks facing your company. Then, we explain how companies can mitigate...
The intersection of Artificial Intelligence (AI) and business pulses with potential, especially since generative AI (GenAI) has entered the picture. Google research scientist Oriol Vinyals notes, “Generative models are changing the way we think about machine intelligence and creativity, and have the potential to transform industries from media to finance to healthcare.” Of course, the insights you gain are...
This year’s Kroll Financial Crime Report found companies are growing increasingly concerned that third parties are driving a higher risk of financial crime. We read through the report to pull out lessons for companies from this survey of 400 executives across 8 countries. By implementing these lessons–with help from LexisNexis –firms can improve their management of third-party risk. “Third...
If you’ve been following the growth of Artificial Intelligence, it’s likely that you’ve interacted with, or at least seen, Generative AI. Systems like DALL-E and ChatGPT fall into this category, making it an incredibly hot topic in the world of technological advancement, but what does Generative AI even mean? In short, this type of AI generates things like text, images, and videos. It can respond to...
Millions of companies around the world have been impacted by regulations that mandate them to carry out ESG and human rights due diligence (HRDD) in the last few years–or they soon will be. These regulations bring new legal, financial, strategic, and reputational risks for firms. However, navigating this regulatory landscape is further complicated by disparate requirements across jurisdictions and the nuanced interpretations...
Some have decried social media as the “death of journalism,” but this isn’t a new complaint. In fact, the downfall of “traditional journalism” has been a point of contention since the emergence of television first threatened newspaper readership in the 1950s. The truth is that new platforms have forced traditional media to adapt and evolve—often for the better. It’s no surprise...
In the year 2022, corporations gave over $21 billion to nonprofits. Corporate giving is not simply something that happens around the holidays as a public relations appeal; corporations are finding ways to participate in charity and change the world year-round. There are two major paths toward this: corporate foundations and corporate responsibility (CR) programs. A foundation requires the corporation to create its own...
Institutions that rely on fundraising for their typical operations continually get more creative about finding donors. Whether that’s a shift to social media for fundraising efforts or changing the target list of donors, non-profits are tasked with keeping up with new trends in fundraising to stay ahead of the competition. One such trend is the shift toward corporate sponsorship. More and more institutions have...