Consumer identity is just one of many areas where artificial intelligence (AI) can be helpful in analysing vast amounts of data from millions of sources to gain business insights, according to Hans-Peter Gϋllich, CEO and founder of AI-assisted risk management firm Dydon.
“AI presents many possibilities and opportunities in areas such as cyber security and compliance, but businesses need to understand the limitations of the technology so they know what it can and can’t do for them,” he told Computer Weekly.
Another thing that is important for businesses to understand, said Gϋllich, is that AI technologies typically complement human activities rather than replace them.
“This perception that AI technologies will lead to unemployment is incorrect because in most cases is it more likely to be an effective support tool that will make work life easier.”
That said, Gϋllich emphasises that AI-enabled systems are typically very challenging to build, especially as there are very few people in the market with AI knowledge and skills.
To capitalise on this opportunity and put AI technology within the reach of more organisations, Gϋllich’s company Dydon has made a…
