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Leveraging Artificial Intelligence in Finance

Tom Spencer

In the ever-evolving world of finance, where data analysis and informed decision-making are vital, the emergence of artificial intelligence has proven to be a transformative force. After collecting massive amounts of data from various sources, AI algorithms can automatically extract and summarize relevant information.

Finance 78
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Behavioral Economics and Behavioral Finance Manifesto

Steve Shu Consulting

In this post, I want to share my thoughts on design values related to behavioral economics and behavioral finance (which going-forward in this post I’ll simply refer to as behavioral science for brevity). Behavioral Economics General Management Innovation Behavioral Finance Behavioral Science Nudge' Best wishes to all in the new year.

Finance 186
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Case Examples of Empirical Research Methods As Related to Consulting Firms

Steve Shu Consulting

Try statistical modeling”: [link] McKinsey article, “Knowing when to stop: finding an appropriate sample in design research”: [link] Forbes article, “How McKinsey Develops New Breakthrough Insight”: [link] MedPage article, “McKinsey Reveals Methods; Critics Not Appeased”: [link] US Senate Committee on Finance, (..)

Examples 195
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The Digital Revolution in Trade Finance

BCG

Revenues from trade finance now total approximately $50 billion a year. Increased legal certainty, the ease of international communication, and a new abundance of information on counterparties mean that importers and exporters are more confident about trading without the financial reassurance a bank provides.

Finance 74
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How Generative AI Will Transform Knowledge Work

Harvard Business

New generative AI-enabled tools are rapidly emerging to assist and transform knowledge work in industries ranging from education and finance to law and medicine. Generative AI can be a boon for knowledge work, but only if you use it in the right way. However, there is no need to wait for these externally-imposed changes.

Tools 99
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More Information Than Ever

Martinka Consulting

We could see deal structures change (more seller financing), more earnouts, buyers will be more cautious, etc. The post More Information Than Ever appeared first on Martinka Consulting. The reverse is true of sellers. Buy-sell experts are going to have to figure out how to mitigate the situation.

Banking 40
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Accountability: Context and Boundaries of Cross Functional Work

Effective Managers

For example, let us say that a person in the finance department has a quarterly report that is dependent on the operations department to gather information. It’s crucial for the finance department that they do this work on time as the Owner or CEO depends on the information. Conflict soon ensues!

Finance 52