Video: AI is essential
Description:
What happens when your competitors use AI to do more with less?
For banks and credit unions, AI is becoming essential because it affects productivity, operating costs, and competitive position. Steven Ramirez explains why that shift matters now.
Transcript
The other one I have to mention, of course on this list is AI. I think that this has shifted from a “hey, we should do some AI” to this is now an essential.
This is now an essential.
Why?
Why is it essential?
Because I think it goes back to that same competitive dynamic, right?
If your competitors have really amazing tools that are allowing them to be more productive, to do more with less, to lower their operating cost, if that’s what your competitors are doing, how long can you operate in that environment where they are driving their costs down and you are not?