Nigeria: Poor Data Infrastructure Undermines Banks Ai Profitability Drive

Nigeria: Poor Data Infrastructure Undermines Banks Ai Profitability Drive

As banks in Nigeria and across the African continent accelerate investments in artificial intelligence (AI) to enhance operations and improve customer experience, experts have warned that such investments may fail to deliver meaningful returns unless they are built on strong and reliable data foundations.

AI Investments only deliver profits for banks when built on strong data foundation

AI has revolutionised every sector, especially banking and finance. Across Nigeria and elsewhere, banks are ramping up investments in efforts to integrate AI infrastructure into their core operations. Unfortunately, most of these investments are not translating into profitability and may never do so. The problem is not that AI investment is a bad idea; certainly […] The post AI Investments only deliver profits for banks when built on strong data…