@richardturrin
AI in FinServ Transitions from Pilots to Proven ROI as 89% See Higher Revenue and Lower Costs NVIDIA surveyed 800 professionals and may have captured the inflection point when AI ROI in finserv shifted from neutral to overwhelmingly positive. The results are stunning: ↳ 64% of respondents claim that AI has helped increase annual revenue by more than 5%, and an elite 29% said revenue increased by more than 10%. ↳ 61% saying AI had helped reduce annual costs by more than 5%, and 25% saying costs decreased by more than 10%. ↳ 52% cite operational efficiency as the biggest win ↳ 48% highlight employee productivity gains These results are noteworthy and contradict a recent survey published by Google in November: “77% of banks saw no change in GenAI ROI year‑on‑year.” So who is right? I think NVIDIA is capturing a real accelerating trend with more recent data in a sector evolving at light speed. To confirm these results, we’ll need at least one more survey confirming them in the next few months before declaring Google’s dire findings as outdated. Finservs aren’t waiting and are doubling down on these ROI gains, with expanded AI budgets: ↳ 100% of organizations plan to increase or maintain AI investment next year ↳ 41% focus on optimizing existing working solutions ↳ 34% prioritize discovering new use cases ↳ 30% invest in infrastructure (on-prem or cloud) While NVIDIA can hardly be called a disinterested party in declaring AI success, the results of this survey are so positive that we should all take note. The race for AI’s ROI is early and will only intensify as the divide widens between finservs proactively deploying AI and those that blunder by delaying. AI is no longer in ROI limbo and is delivering on its promises and poised to deliver far more. #fintech #tech #finserv #AI @BetaMoroney @efipm @BrettKing @spirosmargaris @jasuja @enricomolinari @mikeflache https://t.co/OIreuCDcvN