The study analyzed publicly available employee data to gauge the impact of GenAI on banking tasks, modelling the financial implications for over 150 large banks globally over a three-year period.
The research revealed that banks moving swiftly to implement GenAI across their organizations could potentially increase revenues by up to 600 basis points (bps) within three years. Effective adoption and scaling of GenAI could also lead to a substantial 30% increase in employee productivity by streamlining various language-related tasks.
This story is from the May 01, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 01, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
'Mumbai police will stay alert till the entire voting procedure gets done,' says Mumbai Police Commissioner
In view of the fifth phase of voting in the six of Mumbai’s Lok Sabha constituencies, Mumbai Police Commissioner Vivek Phansalkar said that police personnel were deployed at polling booths yesterday itself.
UDDHAV THACKERAY ALLEGES VOTING DELAYS DUE TO GOVERNMENT
During a press conference in Mumbai on Monday, Uddhav Thackeray alleged that election officials were deliberately delaying the voting process at many centers under government orders.
SUPREME COURT ISSUED NOTICE ON RBI'S PLEA AGAINST MERGER OF MALAPPURAM DISTRICT COOPERATIVE BANK WITH KERALA BANK. ORDERS STATUS QUO
The Supreme Court in the case Reserve Bank Of India vs. The State Of Kerala S observed and has issued notice on the petition filed by the Reserve Bank of India, RBI wherein it challenged the amalgamation of the Malappuram District Cooperative Bank in Kerala with the Kerala State Cooperative Bank.
Indian Navy ships arrive in Manila for maritime partnership exercise
Indian Navy ships INS Delhi, INS Shakti and INS Kiltan arrived in Manila, Philippines, to further strengthen the longstanding friendship and maritime cooperation between the two countries.
Global Britain Centre Chairman criticizes western media on India's 'Acche Din'
Slamming the Western media over the “negative” coverage of elections in India and Prime Minister Narendra Modi’s policies, Global Britain Centre founding chairman Amandeep Singh Bhogal said that a lot of people have problems as India’s good days (achhe din) are here.
IRAN CHOPPER CRASH: BODIES OF PRESIDENT RAISI TRANSPORTED TO TABRIZ CITY
The body of Iranian President Ebrahim Raisi, along with other officials who died in a helicopter crash, is being transported to Tabriz city
EAM Jaishankar meets Mauritius UN envoy, discusses Global issues
External Affairs Minister S Jaishankar met the Permanent Representative of Mauritius to the United Nations Jagdish Koonjul, on Monday.
IIITH's incubator graduates 12 social startups, selects 10 Greentech for EPAM program
IIITH’s social incubator has graduated 12 social startups and selected 10 Greentech startups for the EPAM Social Impact Innovation Program.
Varaha heritage: Blending Tech and culture for a richer experience
The city of joy, Kolkata, witnessed the second chapter of the International Museum Expo on the 18th and 19th of May, organised by the Ministry of Culture, Government of India, to initiate a holistic conversation on museums and India’s cultural diplomacy through digitization. In the rapidly evolving digital landscape, visionary entrepreneur Hitesh Kumar is leading the charge in integrating advanced technologies such as 3D digitization, artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) to revolutionise the preservation and presentation of cultural heritage.
SECURE YOUR FUTURE: SMART SAVINGS WITH FIXED DEPOSITS ON BAJAJ MARKETS
One of the key highlights of the FDs available on Bajaj Markets are the attractive interest rates, with some issuers offeringup to 9.00% p.a
