ForwardLane, a provider of AI-powered intelligence solutions, has recently unveiled its innovative generative decision intelligence platform called EMERGE. This platform is set to address numerous challenges faced by enterprises in the wealth, asset management, and insurance industries, including data transparency, privacy, and security.
Traditionally, deploying private, secure, and accurate generative AI has been a complex process that requires significant resources. However, EMERGE changes the game by enabling a new generation of professionals in various roles to effortlessly harness the power of generative AI. From advisory and distribution to marketing and product management, these professionals can now easily find, create, preview, publish, and interact with new insights, all while ensuring privacy and accuracy.
One of the key benefits of EMERGE is its ability to reduce reliance on data science teams while empowering them to strategically scale data and analytics capabilities across the organization. This means that organizations can fully leverage their existing data and data science investments without the burden of handling analytics aggregation, data processing, and insight creation.
In addition to addressing internal challenges, EMERGE also resolves major enterprise concerns related to IT and cybersecurity. The platform guarantees the privacy of sensitive data by ensuring it remains private and secure, with no external sharing. It also offers transparency and explainability by providing insight into how answers are generated, and a comprehensive audit log for regulatory compliance.
EMERGE combines the power of ForwardLane’s state-of-the-art composite AI, EMERGE-GPT, with the Visual Insight Generator (ViGOR). This zero-code tool enables natural language insight creation from data, eliminating the need for technical expertise in large language models (LLM). Together with ForwardLane’s Next Best Action platform, this integration allows for seamless insight creation, orchestration, last-mile delivery, and usage feedback.
In conclusion, EMERGE marks a significant advancement in the field of generative AI for financial services. With its numerous capabilities, organizations can elevate their data and analytics capabilities while maintaining privacy, security, and compliance. By effectively democratizing the power of AI, EMERGE empowers professionals to unlock valuable insights and create personalized experiences for their clients.
FAQ
1. What is generative AI?
Generative AI is a branch of artificial intelligence that focuses on systems capable of creating new and original content, such as text, images, or music, using various algorithms and models.
2. How does EMERGE address cybersecurity concerns?
EMERGE ensures the privacy of sensitive data by keeping it private and secure, with no external sharing. It offers transparency by providing insight into how answers are generated, and it maintains compliance with regulators by producing a comprehensive audit log.
3. What is the role of the Visual Insight Generator (ViGOR) in EMERGE?
ViGOR is a zero-code tool that enables the creation of insights from data in natural language without the need for technical expertise in large language models. It simplifies the process of generating valuable insights from data.