Almost 40 percent of financial services experts perceived data issues (privacy, sovereignty, and disparate locations) as the main challenge in achieving their company's artificial intelligence (AI) goals in 2023. According to a survey carried out in 2024, recruiting and retaining AI experts and data scientists was another significant challenge.
Main challenges for financial services companies in achieving their artificial intelligence goals in 2023
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Other statistics that may interest you Artificial intelligence (AI) in finance
Overview
6
- Premium Statistic Main trends to impact banks in 2023, according to executives worldwide
- Premium Statistic AI adoption in organizations worldwide 2022, by industry and function
- Premium Statistic Adoption rate of AI in global finance business 2022-2025
- Premium Statistic Market size of AI in fintech 2023-2024, with forecast for 2029
- Premium Statistic Leading banks in AI adoption in Americas and Europe 2023
- Premium Statistic Global generative AI market size in financial services 2022, with forecast to 2032
Investment and spending
6
- Premium Statistic Global spending on AI 2023, by industry
- Premium Statistic Distribution of global spending on AI 2023, by industry
- Premium Statistic Spending on AI in Europe 2023, by industry
- Premium Statistic Distribution of spending on AI in Europe 2023, by industry
- Premium Statistic Financial sector AI spending worldwide 2023, with forecasts to 2027
- Premium Statistic Banking sector gen AI spending worldwide 2023, with forecasts to 2027
Impact
6
- Premium Statistic Potential impact of generative AI on industry revenues 2023, by industry
- Premium Statistic Potential impact of AI as a percentage of industry revenues 2023, by industry
- Premium Statistic Potential generative AI productivity impact 2023, by business function
- Premium Statistic Potential value created by AI in the banking sector 2023, by business segment
- Premium Statistic Potential impact of generative AI in the banking sector with example use cases 2023
- Premium Statistic Benefits of AI in financial services globally 2022-2023
Use cases
4
- Premium Statistic Use of AI in financial services processes worldwide 2022
- Premium Statistic Most popular AI use cases in financial services globally 2023
- Premium Statistic Main financial services business areas with AI adoption 2023
- Premium Statistic Primary strategy of financial services companies for use of AI and ML 2023
Attitude and challenges
4
- Premium Statistic Attitude toward GenAI in the financial services industry in Europe 2023
- Premium Statistic Attitude toward GenAI in the financial services industry in the U.S. 2023
- Premium Statistic AI challenges for financial services companies worldwide 2023
- Premium Statistic Importance of AI for the success of financial services companies worldwide 2023
Further related statistics
10
- Operating income of the Bank of Communications 2013-2023
- Revenues of China Life Insurance 2013-2023
- Net revenue from investing and lending at Goldman Sachs 2009-2021
- Private equity specialist salary per annum in banking in Paris in 2020, by experience
- Value of assets managed by global ETFs 2010-2017, by region
- Operating income of the Industrial and Commercial Bank of China 2013-2023
- Total assets of the Industrial and Commercial Bank of China 2012-2023
- John Lewis sales revenue in the United Kingdom (UK) 2009-2023
- Waitrose sales revenue in the United Kingdom (UK) 2009-2023
- Total assets of the Bank of Communications 2013-2023
Further Content: You might find this interesting as well
Statistics
- Operating income of the Bank of Communications 2013-2023
- Revenues of China Life Insurance 2013-2023
- Net revenue from investing and lending at Goldman Sachs 2009-2021
- Private equity specialist salary per annum in banking in Paris in 2020, by experience
- Value of assets managed by global ETFs 2010-2017, by region
- Operating income of the Industrial and Commercial Bank of China 2013-2023
- Total assets of the Industrial and Commercial Bank of China 2012-2023
- John Lewis sales revenue in the United Kingdom (UK) 2009-2023
- Waitrose sales revenue in the United Kingdom (UK) 2009-2023
- Total assets of the Bank of Communications 2013-2023
Nvidia. (January 11, 2024). Main challenges for financial services companies in achieving their artificial intelligence goals in 2023 [Graph]. In Statista. Retrieved June 17, 2024, from https://www.statista.com/statistics/1254749/ai-challenges-financial-services/
Nvidia. "Main challenges for financial services companies in achieving their artificial intelligence goals in 2023." Chart. January 11, 2024. Statista. Accessed June 17, 2024. https://www.statista.com/statistics/1254749/ai-challenges-financial-services/
Nvidia. (2024). Main challenges for financial services companies in achieving their artificial intelligence goals in 2023. Statista. Statista Inc.. Accessed: June 17, 2024. https://www.statista.com/statistics/1254749/ai-challenges-financial-services/
Nvidia. "Main Challenges for Financial Services Companies in Achieving Their Artificial Intelligence Goals in 2023." Statista, Statista Inc., 11 Jan 2024, https://www.statista.com/statistics/1254749/ai-challenges-financial-services/
Nvidia, Main challenges for financial services companies in achieving their artificial intelligence goals in 2023 Statista, https://www.statista.com/statistics/1254749/ai-challenges-financial-services/ (last visited June 17, 2024)
Main challenges for financial services companies in achieving their artificial intelligence goals in 2023 [Graph], Nvidia, January 11, 2024. [Online]. Available: https://www.statista.com/statistics/1254749/ai-challenges-financial-services/