off risks for a short period of time before it needs a recharge, it lets you use those risks to get better and better at making decisions. In turn giving you the power to do things that have been out of reach with traditional decisioning capabilities, such as enable approvals for unbanked consumers, adapt to rapidly changing markets without sacrificing the customer experience, and continuously optimize decisioning across the customer lifecycle. So, if AI is the ultimate power-up, why aren’t more people already using it to make a difference? Because, of the AI projects launched only 11% show any meaningful benefits. 1 Why? There are several reasons, including: • Lack of focus on specific business challenges • High cost of entry and spiraling ongoing costs • Lack of the right technology • The right data isn’t available • Limited internal knowledge • The project doesn’t bring value in a reasonable time • AI accuracy starts to drift But, these challenges aren’t diminishing the lure of AI. In fact, 86% of leaders in financial services plan to increase investment in AI over the next year. 2 In the following section we’ll look at the potential AI benefits that are driving companies to continue to pursue AI projects, even when existing ones haven’t produced the expected results.
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