Search Results for: Natural Language Processing – Business Applications

Picture a financial services company and images of numbers, analysis, and data-crunching in scrutinizing reports come to mind — and for good reason. In the heavily regulated world of financial services, decision-makers rely on data to feed their decisions and support their conclusions. 

In 2020, fines for Anti-Money Laundering (AML) noncompliance reached $2.2 billion, up nearly 400% from 2019, according to Kroll data. The trend continued into 2021. Through June 30, AML fines totaled $994 million, suggesting another year of strict regulatory enforcement action. 

In June 2014, a bombshell study from researchers at New York and McGill Universities found that a quarter of all mergers and acquisitions of public companies between 1996 and 2012 involved some measurable degree of insider trading.

Until recently, research has shown that banking companies have been somewhat hesitant regarding the business value of AI. A proliferation of external evidence indicates that the trend is quickly changing. According to a recent report by The Economist, 85% of IT executives in banking said they “had a clear strategy” for AI adoption in 2022. 

UnitedHealth Group, Inc. (NYSE: UNH) is an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It offers health care products and insurance services. UnitedHealth Group (UHG) is the world's eighth-largest company by revenue, the second-largest healthcare company behind CVS Health by revenue and the largest insurance company by net premiums. 

This article is sponsored by SambaNova, and was written, edited and published in alignment with our transparent Emerj sponsored content guidelines.

This article was initially written as part of a PDF report sponsored by SambaNova Systems and was written, edited, and published in alignment with our Emerj sponsored content guidelines. Learn more about our thought leadership and content creation services on our Emerj Media Services page.

Founded in 1984 by two computer scientists from Stanford University, Cisco Systems developed the local area network (LAN) concept and achieved a market capitalization of $224 million by the time of its IPO in 1990. Today, Cisco manufactures and markets telecommunications technology as well as other high-technology products and services.

Over the last three years of AI Opportunity Landscape research, we've examined many broad capabilities across the AI ecosystem, from computer vision to conversational interfaces to anomaly detection and beyond. Some of our earliest client research work focused on back-office automation - mostly in financial services and healthcare - and it brought us face-to-face with an array of vendors, use-cases, and opportunities for applying AI for document search and discovery.

This article was a request from one of our Catalyst members. The Catalyst Advisory Program is an application-only coaching program for AI consultants and service providers. The program involves one-to-one advisory, weekly group Q-and-A with other Catalyst members, and a series of proprietary resources and frameworks to land more AI business, and deliver more value with AI projects. Learn more at emerj.com/catalyst.