After decades of science fiction predicting the ‘rise of the robots’, the question on many people’s minds when it comes to AI is this: will it take the place of humans one day? The straight answer, says Andrea Prampolini, head of financial markets analytics and digital solutions at Intesa Sanpaolo, is no. “On the contrary, AI is something that allows you to be more productive and empowers you,” he says.
Intesa Sanpaolo’s Artificial Intelligence Lab, embedded within the Innovation Center, uses AI to create new assets and skills that augment what humans can achieve to help businesses remain competitive. The lab develops both practical applications and theoretical research, all from a deep knowledge base of the particular demands and constraints of business and finance. Laura Li Puma is head of the AI Lab. “We apply a rigorous scientific method that defines the problem and finds the solution using the universal language of mathematics,” she says.
Artificial Intelligence is here to stay – and to help
Forget science fiction, a project from the Intesa Sanpaolo AI Lab shows the real-world application of AI in helping us to achieve more.
“The ideal is to have something for the business that can be used, but we also want to bring innovation and perhaps open new streams of research”
“The reality of this type of algorithm is that it allows us to be more productive, so it has a kind of capital deepening effect”
“The wealth of digital data that are gathered by large institutions clearly represents an opportunity for AI”
Last updated 3 November 2021