Erica Andersen

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smartR AI

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08 Jul 2024

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Edinburgh

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Marketing

smartR AI

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The AI Tsunami: Is Assistive Intelligence the Way to Navigate the Waves of Innovation in Finance?

The financial industry is experiencing a seismic shift. The buzz surrounding Artificial Intelligence (AI) is no longer a whisper; it's a roar, echoing through boardrooms and trading floors alike. From generative AI to hyperautomation, the transformative power of AI is reshaping how financial institutions operate, compete, and serve their customer

28 September 2025 Artificial Intelligence and Financial Services

Data Sovereignty and AI: Building a Secure and Compliant Future for Financial Institutions

In the world of finance, data is the lifeblood. It fuels decision-making, drives innovation, and underpins the trust that customers place in financial institutions. However, with the increasing complexity of regulations, the ever-present threat of cyberattacks, and the rapid rise of Artificial Intelligence (AI), safeguarding this crucial asset ha

21 September 2025 Artificial Intelligence and Financial Services

Reshaping and Optimizing Finance with AI: A New Era of Cost Savings and Efficiency

Alright, buckle up, finance folks! Let's talk about how AI is about to totally revamp the way you do business, if it hasn’t already started to. Forget stuffy, complicated jargon – we're diving into the real deal: How AI is turning the financial world upside down, and why you need to get on board (or risk being left behind!) So, picture this: the

14 September 2025 Artificial Intelligence and Financial Services

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Latest comments

ESG vs Generative AI: A Growing Dilemma in Corporate Ecosystems

When you read the latest on AI's hunger for power, then you know you need to choose your AI solution wisely if you want to maintain your ESG and Green profile.

Are you looking for "Wee, Green, Loyal and Lean!"?

SCOTi's small footprint means less energy consumption and a smaller carbon footprint. Small but perfectly formed there is rarely a need for server upgrades, which makes SCOTi® AI the greenest GPT around.
That's right, no on costs, no server upgrades, just a loyal, lean green machine that works for people and the planet.

Try SCOTi AI today and discover the power of private, secure, and compliant data management! Happy to do a show and tell if you have a spare 30 mins neil.gh@smartr.ai

25 Sep 2024 09:06 Read comment

The software ownership dilemma

Thank you for your informed opinon. It's always good to hear back from others in the community with AI insights.

22 Aug 2024 10:26 Read comment

The software ownership dilemma

Thank you, Ketharaman, for your insightful comment. Your perspective, rooted in decades of enterprise software sales experience, is invaluable.

I agree with your assessment of how COTS and SaaS vendors have historically maintained ownership of their software, including customer-specific data and customizations. Your point about vendors merging these customizations into future versions is astute and often overlooked.

Regarding GenAI, I concur that the initial models contain vast amounts of vendor-supplied training data. However, I believe the situation becomes more complex when we consider model specialization using proprietary company data.

Unlike traditional SaaS products, fine-tuning an AI model with company-specific data fundamentally alters the model itself. The weights of the neural network are adjusted, effectively embedding aspects of the proprietary data into the model's structure. This creates a unique challenge: the data becomes inseparable from the "software" (i.e., the model).

This inseparability is where I foresee potential issues. If a vendor were to use this specialized model for another client, they would inadvertently be transferring knowledge derived from one customer's proprietary data to another. This scenario is fundamentally different from traditional software customizations, where features can be more easily isolated and repurposed.

That said, I appreciate your prediction that GenAI vendors will find it easier to maintain total ownership. It's certainly possible that they will develop novel strategies to navigate these complexities.

Perhaps the solution lies in developing more sophisticated methods of model specialization that can clearly delineate between base knowledge and customer-specific insights. This could allow vendors to maintain control while ensuring customer data privacy.

I'm curious about your thoughts on potential solutions to this dilemma. How do you envision GenAI vendors balancing ownership rights with the need to protect customer-specific knowledge?

15 Aug 2024 08:51 Read comment