The Future of AI Usage

It seems everywhere you look, in terms of technology, everyone is talking about the use of AI and how they can implement it into their business or schooling to streamline day to day tasks. While exploring different ways businesses were implementing AI into their operations, I came across Ernst Young's (a massive Philadelphia based financial firm) website where they discussed the many ways they were utilizing AI. I was most intrigued by their AI led mergers and acquisitions and strategic intelligence platform. This form of AI allows EY to assess opportunities and risks, take advantage of a global ecosystems of companies and relevant investment trends, and explores and offers insight to where the company should invest next. In an industry as competitive as finance, I believe it is brilliant to use every tool to your advantage, especially ones that revolve around technology and provide insights into competitors investment moves. If companies are unwilling to utilize these technologies, the competition will and have the ability to take potential clients away, adapting the sink or swim mentality. I admire companies utilizing AI in everyday tasks, they need to ensure they are doing so in an ethical manner, as we have seen many immoral usages of AI in its short existence.

To read more on Ernst Young's adaptation to AI, click here.