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Daniel Saksenberg, chief AI officer at Emerge ML, warns that AI’s predictive power is useless unless operationalised. Without intervention, it's “just a party trick. He was speaking at a recent AI in the Financial Services Industry event, co-hosted by Bowmans and Microsoft in Jo'burg.
All indications are that more stringent reporting and enforcement of local empowerment requirements are on the way across much of Sub-Saharan Africa.
Technology continues to grow globally, extending ever deeper into financial services. Of course, along with increased technology, comes increased cyber risk. Businesses, however, may not realise the complexity of the IT risks they face, while furiously fast-tracking new business processes without fully understanding the risks that new technology itself can accelerate.
Africa’s heightened economic momentum is widely recognised, with the continent now well entrenched as one of the favoured global destinations for investment opportunities and doing business. As companies without a presence in Africa continue to pursue a foothold on the continent, many South African firms are likewise establishing a presence in select African countries, whether through affiliations or established offices.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?