AI cases in banking – AI radar of the Business Engineering Institute St.Gallen

The financial industry is beginning to undergo a profound transformation through the use of AI. In particular, the use of generative AI opens up the possibility of creating new content such as texts, images, videos or music. In autumn 2024, we started building an AI radar that systematically analyzes use cases of banks in German-speaking countries. This blog post offers an overview of use cases and maturity levels in the banking sector and provides exciting insights into the status quo.

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Are Our Jobs at Risk?

As a result of recent developments in the field of AI, the impact of automation on the labor market has begun to be reassessed. Non-routine cognitive or manual jobs, long considered unaffected by previous technologies, are increasingly under threat from self-learning algorithms, leading many economists to argue that this time the impact on the labor market is fundamentally different from other technologies. This blog post describes different ways in which AI can influence the tasks of a profession.

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