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Shining Examples of Data Analytics and AI in Asia/Pacific Financial Services

Publisher IDC
Published Jun 30, 2023
Length 6 Pages
SKU # IDC18029744

Description

Shining Examples of Data Analytics and AI in Asia/Pacific Financial Services


This IDC Market Perspective examines new developments and dynamics in the fields of data analytics and AI in the financial services sector in the Asia/Pacific region. The featured projects highlight the increasing focus on data analytics and AI from financial service institutions (FSIs), showcasing innovative initiatives in areas such as collaborative big data platforms, importance of using alternative data in the analytics, and AI-powered smart insurance. Xiao Liu, research manager, IDC Financial Insights Asia/Pacific stated that "The implementations of data analytics and AI have evolved beyond addressing individual problems to becoming a scalable competitive advantage through the establishment of comprehensive enterprisewide strategies and solutions. To stay relevant with the current trends, technology suppliers need to shift their focus from specific use cases to collaborating with FSIs in building the foundational infrastructure and delivering continuous solutions. This collaborative approach will enable FSIs to fully leverage the benefits of data analytics and AI across their organizations."

Please Note: Extended description available upon request.

Table of Contents

6 Pages
Executive Snapshot
New Market Developments and Dynamics
Innovative Applications of Data Analytics and AI
Implementing a Collaborative Big Data Platform for 360-Degree Customer View
Benefits of a Collaborative Big Data and Analytics Platform
Using Alternative Credit Scoring Model to Revolutionize SME Financing
Benefits of Using Alternative Data for SME Financing Credit Scoring
AI-Powered Smart Insurance
Benefits of Establishing AI-Powered Framework for Insurers
Advice for the Technology Supplier
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Related Research
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