(iexclusivenews) – In a groundbreaking announcement made on November 8, Visa, a global leader in financial services, introduced an innovative AI advisory practice designed to offer invaluable insights and recommendations to its clients.
This trailblazing initiative is part of Visa Consulting & Analytics (VCA) and is set to revolutionize the way businesses harness the potential of artificial intelligence (AI) and generative AI.
With a remarkable AI heritage spanning over three decades, Visa has unveiled this visionary practice alongside a comprehensive array of services that will empower enterprises to comprehend and fully embrace the capabilities of generative AI.
Pioneering Consultation Service by Visa
Visa’s Global AI Advisory Practice sets the stage for a new era in strategic consultation services.
This initiative is aimed at providing clients with actionable insights and recommendations that will enable them to unlock the vast potential of AI, specifically generative AI.
Using 30 years of knowledge and experience, Visa is launching an AI Advisory Practice, a service that will help clients tap into the power of #AI and #genAI to improve payments experiences and help supercharge growth. Learn more: https://t.co/CROI8Sqra4
— VisaNews (@VisaNews) November 8, 2023
Global Expertise at Your Fingertips
Visa Consulting & Analytics boasts a global network of over 1,000 consultants, data scientists, and product experts, strategically located in 75 offices across six continents.
This extensive reach ensures that clients receive the highest level of expertise and support when it comes to understanding and implementing generative AI solutions.
A Visionary Leader’s Perspective
Carl Rutstein, the Global Head of Advisory Services at Visa, emphasizes that AI is not merely reshaping industries; it’s spearheading a revolution.
In particular, the payments sector is at the forefront of this transformative wave.
Visa is not only employing AI to enhance payment experiences but is also leveraging its Advisory business to empower clients in redefining how they engage with their customers.
This empowerment extends across acquisition, engagement, retention, and risk management strategies.
Driving Innovation in Generative AI
Visa’s announcement comes hot on the heels of the launch of a $100 million AI venture fund on October 2.
This fund is specifically tailored to support innovation and development in the rapidly-evolving generative AI space, ensuring that Visa remains at the forefront of AI advancements.
The Power of Generative AI
Generative AI is an exciting and burgeoning sector within the field of machine learning.
It involves the use of advanced models designed to create human-like content, spanning text, images, audio, and video files, all within the confines of a specific training dataset.
Prominent models such as OpenAI’s ChatGPT and Anthropic’s Claude 2 have gained widespread recognition and adoption, making it clear that generative AI is poised to reshape how we interact with technology in the future.
Visa’s commitment to AI excellence, coupled with its dedication to supporting generative AI innovation, positions the company at the forefront of transformative technological progress.
This initiative promises to empower businesses and clients worldwide, catalyzing growth, redefining customer interactions, and shaping the future of AI-driven solutions.
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