Today's banking, financial services, and insurance (BFSI) organizations must always stay on top of the ever-transforming financial industry. Thankfully, Altair's comprehensive digital twin platform – powered by the industry's premier simulation, high-performance computing (HPC), artificial intelligence, and data analytics technologies – is the perfect tool for fast, scalable, cutting-edge financial services solutions. Altair's easy-to-use digital twin platform gives banking and financial services institutions the power and freedom to gain insight using governed, trusted, and accurate data.
Learn more about digital twin trends in the BFSI industry in this survey report. Looking for a comprehensive guide to digital twin around the world? Read the Altair Digital Twin Global Survey Report.
Digital Twin Tech Opens New Avenues for Banking, Finance, and Insurance
Discover how digital twin technology empowers financial organizations with real-time insights, unmatched predictive and analytics capabilities, and more — and what lies ahead for digital twin in BFSI's future. Read More
Why Digital Twin Adoption Rates are Skyrocketing
Learn why digital twin adoption is sweeping industries around the world, and how the technology improves organizations’ workflows, products, and processes. Read More
Bridging the Gaps in Digital Twin Understanding, Adoption, and Usage
In this infographic, discover how teams can build toward digital twin alignment and eliminate internal misunderstandings, disconnects, and departmental silos. Read More
Examining the Data on Digital Twin in the Banking, Financial Services and Insurance Industry
What percentage of BFSI organizations already use digital twin? When did they adopt it? What do they use it for? What impact is it having. Explore the answers to these questions and more. Read More
Altair Presents Open, Flexible, and Scalable Total Digital Twin Solution
A comprehensive, end-to-end offering giving anyone the power of digital twin technology. Read More
Overview: What is Digital Twin Technology?
Learn the basic principles of digital twin technology, see basic examples, and get familiar with this revolutionary technology. Read More
Digital Twin’s Sustainability Potential
How can digital twin help the world meet and surpass crucial climate objectives? Find out in this sustainability overview article. Read More
Join Craig Brown, Executive Consultant at CIMdata, Antonio Del Prete, Associate Professor at the University of Salento and CTO at Advanced Engineering Solutions, Maurizio Tursini, Chief Marketing & Solution Officer at Gruppo Cimbali, Thomas Tecco, COO at XLDyn LLC, and Dr. Jan Dolinsky, CTO & Co-founder at Tangent Works, for a panel discussion on real-world Digital Twins projects.
The concept of Digital Twins is gaining increasing recognition, and businesses are eager to explore the potential value of this technology. However, many organizations still lack proven use cases and implementation strategies. Together, the panel of thought leaders from different industries will share their insights into the current common understanding of Digital Twins, show how they overcame challenges before and during their Digital Twin projects, and explain how to identify and include other crucial stakeholders within the company and beyond to maximize business benefits of these types of projects.
The panel will share their experiences and perspectives on the potential of Digital Twins, as well as practical strategies for successfully implementing these projects. Attendees can expect to gain valuable insights into the benefits and challenges of Digital Twins, as well as tips for driving successful projects within their own organizations.
Presented as part of Altair's 2023 Future.Industry conference.
The presentation is in English by default. The following languages are available by clicking on Audio Description 'AD))' on the video screen: DE, ES, FR, IT, ES, PT, KO, and CN.
Duration: 32 minutes
Altair works with over 4,000 banking, financial services, and insurance (BFSI) companies – including 17 of the world's top 20 investment banks. Altair RapidMiner, our data analytics and AI platform, offers unparalleled breadth and depth across the analytics lifecycle. Whether an organization requires an end-to-end platform or point solutions, Altair RapidMiner empowers customers to give their diverse teams the right tools at the right time. Our Center of Excellence (CoE) methodology provides the tools your team needs to improve their skills quickly, and our unique Altair Units licensing model provides cost-effective options that give organizations a competitive advantage.
At its simplest, a product price is defined as the sum of cost and profit. The primary aim, and biggest challenge, in the insurance sector is accurately estimating product cost. Over the years, insurers have developed a plethora of tools, methodologies, and mathematical models to calculate costs. The big data revolution along with advances in data processing, predictive analytics, and artificial intelligence (AI) has made this effort more achievable.
This talk summarized recent advances in AI in banking and potential future research directions for the broad field of AI in banking.
Presented by Dr. Emmanouil Platanakis, Associate Professor of Finance at University of Bath
