Be a first mover so it doesn’t leave you behind. With AI pilots and projects live all over the globe, and new use cases added daily, at PwC we’re already veterans at helping clients navigate the new world of AI safely and strategically.
Are you interested in the real value of AI for your business and how to capitalize it?
Artificial Intelligence (AI) is a set of algorithms and methods designed to solve problems that traditionally require human intelligence.
Machine Learning (ML) represents a branch of AI, which enables computers to automate tasks without manually programming the rules (when rules are unknown or too complex).
Imagine having advanced business analytics and using predictive analytics that give you the ability to predict and react to events before they happen.
Now imagine a data architecture that lets you process all that information instantly, to improve customer insights, build products faster, or spot fraud.
It would be like having a superpower, and as long as we recognize how heavily AI models rely on large quantities of data and the importance of data quality it is a superpower what we can help you capitalize on, since data is an asset you already own.
We’ll help you to analyse your current state, develop a strong data foundation, and then monetise that data and harness the power of the information you hold to optimise business performance and commercialise data opportunities.
Artificial intelligence is already part of many solutions in most of the industries, and looking forward the numbers are only going to grow. It can bring huge benefits, but those benefits come with multiple risks. These risks, however, are manageable. One of the ways of managing these risks is by using PwC's Responsible AI Toolkit.
Your stakeholders, including board members, Customers, and regulators, will have many questions about your organisation's use of AI and data, from how it’s developed to how it’s governed. You not only need to be ready to provide the answers, you must also demonstrate ongoing governance and regulatory compliance.
PwC's Responsible AI Toolkit is a suite of customizable frameworks, tools and processes designed to help you harness the power of AI in an ethical and responsible manner - from strategy through execution.
AI algorithms that ingest real-world data and preferences as inputs run a risk of learning and imitating our biases and prejudices.
Performance risks include:
For as long as automated systems have existed, humans have tried to circumvent them. This is no different with AI.
Security risks include:
Similar to any other technology, AI should have organisation-wide oversight with clearly-identified risks and controls.
Control risks include:
The widespread adoption of automation across all areas of the economy may impact jobs and shift demand to different skills.
Economic risks include:
The widespread adoption of complex and autonomous AI systems could result in “echo-chambers” developing between machines, and have broader impacts on human-human interaction.
Societal risks include:
AI solutions are designed with specific objectives in mind which may compete with overarching organisational and societal values within which they operate.
Ethical risks include:
These risks can be addressed by focusing on five key dimensions during the design and development of AI applications.
Throughout the years, we have learnt the importance of performing a thorough business analysis followed with a detailed data exploration. The findings from these two important analyses allow us to make a solid foundation for the products in development and help us to fully take advantage from your data with the help of our AI solutions.
Our AI solutions are aligned with PwC's Responsible AI Toolkit, as a result of which the risks, which usually come with using AI, are minimized.
By using the agile approach to deliver products:
With the combinations of different tools and methods we can help you to grow revenue, reduce cost, manage risks and even to gain competitive advantage.
We’re helping our clients use AI to do what they do faster, cheaper and more accurately than they’ve ever been able to do. Machines can read terms and conditions. They can predict behaviour on transport systems. They can pick out faces in crowds.
Our AI teams are made up of specialists in cognitive computing, deep learning, machine learning and natural language processing and generation. They’ll help you turn the data you own into living, breathing insight and action in your organisation.
If something doesn’t look right, it probably isn’t right. But what if you can’t see it? That’s where anomaly detection comes in.
We’ll help you build the technology to spot the outliers that could spell trouble for your organisation. Unusual financial activity or spikes in transactions that could spell fraud. Unexpected fault reports in systems that could turn into defects. Or surprising results in medical reports that shouldn’t go unchecked.
The data is there. You just need to know how to find it.
If you’ve got the right data, and enough of it, you can predict the likely outcome of any given situation.
We’ve helped clients in the transport sector use big data and predictive analytics to see the impact of maintenance on transport routes - and model how people’s behaviour will change as a reaction. We’ve helped retailers combine insight from their store footprints, logistics and customer behaviour to accurately plan staffing levels, weeks in advance.
Thanks to data and analytics, you can turn a theoretical situation into a dress rehearsal.
We use technology including virtual studios, gamification and other computer-generated simulations to help our clients answer the question: what if?
We can take advanced analysis and modelling, and apply it to a real-world world scenarios, so you can trial your response. See the effects of shutting down a transport network. Test how prepared you are to react to a systems outage. Simulate what would happen in the face of a major catastrophe.
So you’re ready and prepared when the real thing happens.
With each new day new problems arise, what motivates us to keep learning to be able to solve them. So far we have already developed solutions for multiple problems, some of them are:
Our team consists of skilled specialists with strong scientific and technical backgrounds, diverse awards, publications and conference talks.
We deliver personalized solutions at the highest quality in short amounts of time.
We have already delivered over 40 projects for some of the largest banks, insurance companies and clients from other industries.
Our solutions are easy to customize, which lengthens their lifespan and broadens their areas of usage.
Partner, PwC Slovakia
Tel: +421 911 402 630
Senior Manager, PwC Slovakia
Tel: +421 903 350 577