- Published on December 8, 2022
- In IT Services
Optimising the Indian Banking industry using Artificial Intelligence
“Banks need to build an AI core that integrates foundational capabilities across the organisation”- Sonali Kulkarni
- By Lokesh Choudhary
India has seen the banking sector adopt data analytics and AI faster than most countries. As per a survey by PwC-FICCI, AI applications are estimated to help banks make potential cost savings of $447 billion by 2023.
In an exclusive conversation with Analytics India Magazine, Sonali Kulkarni, lead, financial services, Accenture in India, shared her insights into the world of AI transforming the banking industry.
AIM: Banks have been using data and AI for some time now. What has the adoption in India been like so far, and where do you see this headed?
Kulkarni: Despite a slow start, most mature banks in India have started their data and AI adoption journey by making foundational investments in analytics use cases, data lakes and customer journey digitalisation. They are
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Lokesh Choudhary
Tech-savvy storyteller with a knack for uncovering AI's hidden gems and dodging its potential pitfalls. 'Navigating the world of tech', one story at a time.
You can reach me at: lokesh.choudhary@analyticsindiamag.com.
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