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Finance

AI Case Studies

British Telecom

Accounting And Reporting

Telecommunications

British Telecom saves an estimated £100M a year using the automated contract analysis platform RAVN

Dell

Accounting And Reporting

Technology

Dell reduces costs while ensuring contractual obligations are met with contract analysis automation

Stecklein & Rapp

Accounting And Reporting

Professional Services

Stecklein & Rapp law firm increases productivity by 20% through automation of billing tracking

Deutsche Bank

Accounting And Reporting

Financial Services

Deutsche Bank automates 30 to 70 percent of back- and mid-office processes using robotics process automation

UK Train Operating Companies

Accounts Payable And Receivable

Transportation

UK Train Operating Companies automates 93% of claim processing and detects fraudulent payback claims for trains delayed by more than thirty minutes with 70% accuracy using machine learning

EY

Accounts Payable And Receivable

Professional Services

EY develops embedded audit analytics system, Helix, to automate auditing complex transactions

Bank of NY Mellon Corp.

Accounts Payable And Receivable

Financial Services

Bank of NY Mellon reduces processing and trade entry turn around time by 88% and 66% respectively using robotic process automation.

Scotiabank

Accounts Payable And Receivable

Financial Services

Scotiabank improves payment collections of credit card customers using deep learning

Gullivers Travel Associates

Accounts Payable And Receivable

Consumer Goods And Services

Gullivers Travel Associates reduces average transaction costs and invoice processing time by 74% and 86% respectively with machine learning

ASOS.com

Accounts Payable And Receivable

Consumer Goods And Services

ASOS eliminates the risk of inaccurate data entering finance systems by implementing a machine learning solution for invoice handling

Government of the United Kingdom

Audit

Public And Social Sector

The UK government identifies welfare and state benefits fraud with artificial intelligence

ANZ Bank

Audit

Financial Services

ANZ bank identifies high risk loans and predicts customer defaults with deep learning

Google

Budgeting And Forecasting

Public And Social Sector

Google predicts river floods and their severity using AI based forecasting models

United Nations

Budgeting And Forecasting

Public And Social Sector

The United Nations, World Bank and ICRC aim to eliminate famine using machine learning

IBM Research

Budgeting And Forecasting

Public And Social Sector

IBM Research build machine learning model to analyse migration factors for prediction with low error rates

The New York State Department of Taxation and Finance

Budgeting And Forecasting

Public And Social Sector

New York State increased its collections from delinquent revenue by 8% using reinforcement learning

The Government of Karnataka

Budgeting And Forecasting

Public And Social Sector

The Government of Karnataka will help small farmers with crop price market predictions by using machine vision to analyse satellite images

Castle Ridge Asset Management

Budgeting And Forecasting

Financial Services

Castle Ridge Asset Management identifies and rebalances portfolio investments among diverse asset classes using machine learning

Overbond

Budgeting And Forecasting

Financial Services

Overbond predicts yields for new bond issues with less than 0.02 percentage point inaccuracy by using machine learning

Deutsche Bank

Budgeting And Forecasting

Financial Services

Deutsche Bank implements AI trading platform for predicting equity prices and volume

Wells Fargo

Budgeting And Forecasting

Financial Services

Wells Fargo demonstrates 88% short-term and 58% longer term recommendations accuracy using machine learning to predict stock price movements

Otto

Budgeting And Forecasting

Consumer Goods And Services

Otto predicts with 90% accuracy what products will be sold within 30 days driving automated purchasing and reduction of annual returns by 2M

Lennox

Budgeting And Forecasting

Consumer Goods And Services

Lennox improves service levels by 16% and increases inventory turns by 25% with machine learning powered demand predictions

Danone

Budgeting And Forecasting

Consumer Goods And Services

Danone increased product demand forecast accuracy to 92% with a 55% improvement in net uplift from promotional events using machine learning

ScriptBook

Budgeting And Forecasting

Consumer Goods And Services

ScriptBook produces financial forecasts for films based on their scripts using machine learning and natural language processing

Big River Steel

Budgeting And Forecasting

Basic Materials

Big River Steel is predicting the availability of scrap steel using a predictive AI engine

SunSelect

Budgeting And Forecasting

Basic Materials

SunSelect enables greenhouse farmers to more accurately forecast their future harvests with machine learning

TellusLabs

Budgeting And Forecasting

Basic Materials

TellusLabs aims at providing accurate prediction of natural resources and agricultural yields with machine learning

"NITI Aayog (National Institution for Transforming India), Government of India"

Budgeting And Forecasting

Basic Materials

The National Institution for Transforming India partners with IBM to develop a crop yield prediction model using AI

"US Department of Natural Resources and Environmental Sciences at the University of Illinois,"

Budgeting And Forecasting

Basic Materials

The US Department of Natural Resources used deep learning vision analysis of satellite imagery to predict the size of soya and corn crops well before harvesting

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