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AI advancements are enabling lenders to better predict residual values, a boon for the equipment finance industry as machines become increasingly tech heavy.
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The news beat on AI continues as, “You must have it!” But now we also hear “companies are struggling with AI” too. One recent survey found that 71% of CFOs are "flying blind" and struggling to monetize AI. Initiatives built around a disruptive technology like AI are always challenging because both the technology and its applications are unfamiliar. In the case of AI they can also be abstract. “Work smarter not harder” is a great tagline, but “smarter” is hard to measure without standardized testing.
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My mind has been full of numbers lately. April has Tax Day, so I stress over my numbers and am usually disappointed at how they work out.
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In November, Tamarack expanded its AI team with the addition of Khrystyna Voloshyn as a data scientist.
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