Submitted by admin on Thu, 08/11/2022 - 08:10

Difficulties in making financially wise decisions

Sequence Number 1 Industry Banking & Finance Banner Difficulties in making financially wise decisions How 5G enabled

5G can connect customers with bank representatives/AI in real-time virtually anywhere, and the presence of crucial data and big data analytics can help better serve customers.

Data Flows
Title Devices Icon Devices Description
  • Access to accurate data to validate financial transactions
  • Time critical data on the edge close to the user
  • Fast access to external data sources
Title Connectivity Icon Connectivity Description
  • Data available on edge
  • 5G as base for fast access to large amounts of data with real-time response
Title Edge Compute Icon Edge Compute Description
  • 5G real-time: All relevant data, AI and other apps stored here for immediate access and execution for decision making
Title Cloud Compute & Storage Icon Cloud Compute & Storage Description
  • All data stored in enterprise data storage, where data ownership belongs to the company
Title Applications & Services Icon Applications & Services Description
  • Expectation that activities will take place primarily at the edge
  • Non-time critical decisions needing AI/ML made here
Title Inform Decision Makers Icon Inform Decision Makers Description
  • End-to-end workflow
Title Support Decision Making Icon Support Decision Making Description
  • End of process
Application Logic
Description
  • List the important data sources including external data such as credit ratings.
  • Determine impact of edge and 5G with access to real-time data for decisions.
  • Determine how AI could assist (e.g., ML analyses historical transactions that may influence future transactions).
  • List the important workflows and decide in what order to implement them.
Description
  • SMEs and data scientists will collaborate to develop AI financial models.
  • Expect that we need multiple teams given the breadth of the decisions.
  • Real-time interaction will also take place through mobile devices accessed anywhere by the customer.
Description
  • Most of the AI work will be Edge based given the real-time nature.
  • Configuration of edge capacity required.
  • Ensure that ML model decisions and learnings are fed back into the next generation of models.
  • Keeping track of past decision and use as input for all new decision.
Expected benefits Key value created