With artificial intelligence affecting financial services and other sectors, the global consultancy firm has brought out a new suite of services aimed at helping firms get a competitive edge.

Global consultancy house Capgemini has rolled out a suite of services to help organisations get the most out of artificial intelligence, at a time when AI is already making itself felt in fields such as wealth management.

The portfolio of services and solutions is called Perform AI.

The offering addresses issues such as how to dramatically increase how AI is used beyond “proof-of-concept” deployments; use AI to make humans more effective in what they do; transform how businesses operate, and build trust, conduct and privacy. 

The Paris-headquartered firm cited its own research showing many people are still anxious and poorly informed about AI, which obscures the opportunities and problems of this new technology. Spending on AI and related areas is predicted to grow from 2016 to 2012 at a compound annual growth rate of 46.2 per cent, reaching a total of $52.2 billion in 2021. 

“Most companies have already started to experiment with AI to help them transform certain functions within their business, but those that adopt it effectively and throughout the enterprise will gain true competitive advantage,” Lanny Cohen, group chief innovation officer at Capgemini.