How usage-based models are reshaping the future of leasing and lending In this piece of our Industry Insights series, we explore how the asset finance industry is evolving in response to changing customer expectations and technological innovation. Drawing on insights our conversation with Shasikkumar Veeramani, Solution Architect at VIP Apps Consulting, we discussed how the...
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The Asset Finance, Lending and Leasing sector is undergoing a methodical yet significant transformation driven by the gradual integration of artificial intelligence (AI) and automation into their operations. Traditionally, this sector has been characterised by stability and a reliance on well-established processes. As a result, it has often been slower to adopt new technologies than…
Automation and artificial intelligence (AI) have created a transformative era in leasing and asset finance, where efficiency reigns supreme, and data-driven decisions have become the norm. The industry is witnessing a profound shift towards integrating AI to streamline operations and mitigate risks. By harnessing the power of AI algorithms, businesses gain access to invaluable insights…
Teams within organisations today are grappling with an overwhelming number of tools and systems, making it increasingly difficult to connect people, technology, and processes across the entire organisation. Recent reports, including Salesforce and MuleSoft’s 2023 Connectivity Benchmark Report, shed light on IT operations teams’ ongoing challenges in managing application delivery and interoperability. The findings indicate…
Natural Language Processing (NLP) has revolutionised how search engines work, making them more intuitive, accurate, and user-friendly. From Siri to Alexa, and more recently with ChatGPT, NLP is powering the technology that allows us to communicate with machines more naturally and intuitively. In recent years, enterprise systems have also increasingly adopted NLP to improve communication,…
Have you ever felt your workday is packed with unproductive meetings, remote or in person, and you don’t have time to do any real work? Don’t worry. You’re not alone. According to Asana’s Anatomy of Work Index, employees waste six working weeks each year on duplicated work and unnecessary meetings. A few weeks ago, Shopify…
Since its launch in late November 2022, OpenAI’s ChatGPT has gone viral, generating excitement over its possibilities and much debate about its limitations and concerns about the impact on the future of work. According to CEO Sam Altman, less than a week after its launch, it reached the one million users mark. It is such the…
First featured in the 44th Edition of The World Leasing Yearbook 2023 Artificial intelligence (AI) in enterprise platforms is an area of dynamic innovation. When put to work on the right issues, AI is moving beyond the hype and delivering business value by evolving products, services and solutions. Many organisations see the adoption of AI as…
More than two years after the start of the pandemic, many businesses are still struggling with the new workplace realities. Hybrid or flexible working is fast becoming the norm. However, introducing hybrid working isn’t a simple task. The situation is more acute in specific sectors, like the financial services sector, which needs to ensure digital…
Featured in the Spring 2022 Edition of the World Leasing Review. Digital transformation, moving from paper and manual processes to paperless, interactive and automated processes, has been put forward as the holy grail for productivity and efficiency for decades. However, in the last five to ten years, the technology, especially the accessibility to those without…
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