Sundry Edition
A Biweekly Newsletter by Salt of the Earth Consulting, LLC
Vol. 2 | July 13, 2022
Milking AI for All It’s Worth
By Gretchen Bruinsma
We’d be surprised if you didn’t find Artificial Intelligence (AI) on every list of technology trends in financial services this year. Financial institutions using AI to automate processes isn’t new, but this technology is continuously being utilized to approve upon procedures. In the article ‘Technologies That Will Impact the Financial Services Industry in 2022’ (linked below), author Alfredo Rubina notes, “AI-powered modules, for example, can quickly analyze data and draw conclusions based on facts rather than industry biases, allowing lenders to offer tailored loan rates.”
Risk management is one of our main areas of expertise, so we’re making sure to keep the National Institute of Standards and Technology (NIST) on our radar, as they announced earlier this year that they are developing an Artificial Intelligence Risk Management Framework which is set to be published this winter. Want to learn more about what we do at SOTE? Click Here to read about the services we offer.
Outside of Financial Services, we’re also fascinated by how AI is revolutionizing other industries. Be sure to check out the video linked below to see how dairy farmers are using AI to monitor their cows’ behaviors, feed availability, and more to maximize production.
What We’re Reading…
On Our Radar…
AI RMF v1.0 is set to be published Winter 2022.
What We’re Watching…
“It’s not two terms typically used together, but in the dairy industry that’s beginning to change.”
Salt of the Earth Consulting 