AI’s Next Frontier in Finance Hits a Growth Spurt 🌱
Generative AI (Gen AI) is transforming financial institutions by boosting productivity, but scaling these innovations remains a steep climb, says McKinsey’s Violet Chung. While pilot projects shine, turning localized wins into company-wide solutions is trickier than a crypto rollercoaster. 💹
Why Scaling Gen AI Feels Like Building a Skyscraper 🏗️
Chung, speaking at the SWIFT seminar in Beijing, highlighted a key roadblock: employee resistance. Bottom-up adoption? Not cutting it. Top-down leadership alignment is crucial. 🎯 “40 Gen AI missions across 20 departments? That’s crazy expensive,” she told CGTN, stressing the need for streamlined strategies.
Show, Don’t Tell: The Role Model Rule 🌟
For teams skeptical of AI, Chung says managers must prove its value. “People need to see success stories,” she added—think viral TikTok trends, but for finance nerds. 📈
Whether Gen AI becomes the industry’s next big disruptor or fades into beta-test obscurity? Time (and teamwork) will tell. ⏳
