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Overview of emerging technologies:A focus on Blockchain and CognitiveBill Briggs, Chief Technology OfficerNitin Mittal, Analytics and Information Management - National Service Line LeaderEric Piscini, Global Financial Services Consulting Blockchain LeaderDeloitte Consulting LLP
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Reengineering “capital T” Technology
Reshaping the heart of the business
Transforming the enterprise
Data as a business asset
An ecosystem of trust
Man and machine
Reimagining engagement
Risk andregulatory
Flexibility and ubiquity
BlockchainEric Piscini, Principal
Global Financial Services
Consulting Blockchain Leader
The Cognitive EnterpriseNitin Mittal, Principal
Analytics + Information Management
Top 3 emerging technologies organizations are investing in:
Analytics market trends and projectionsOrganizations are looking for ways to leverage artificial intelligence, driving heavy investments in new technologies all centered around cognitive capabilities
In IT Spending in Big Data by 2020
$232BNew “things” connected each day to network infrastructure in 2016
5.5MOf CIOs indicated that tech spend in analytics would increase over the next 2 years
76%Of unstructured data vs. structured data by 2020
~9x
Cognitive Internet of Things
More data created by IoT devices by 2019
269x
Robotic Process Automation
• Emulates strengths of the human brain, including parallel processing and associative memory
• Enables interaction with humans in natural language, voice, and text by using natural language processing on structured and unstructured data
• Understands/leverages big data in real time to automatically filter, process, and extract key information
• Uses machine learning to develop context-based hypotheses and make reasonable predictions and recommendations based on learned concepts and relationships
• Converts text, images, and voice data into meaningful concepts and relationships
What does Cognitive mean?Convergence of technologies that enables systems to mimic human reasoningand judgement
Welcome to the Cognitive Era!Evolution of enterprise intelligence
1900sTabulatingSystem Era
1950sProgrammableSystem Era
2000sCognitiveEra
2020sAmplifiedIntelligence Era
Advancements are converging to drive exponential changeKey drivers of the evolution
Faster processing speed
Smarter algorithms
Exponential growth of data
meters
Linear Exponential
Cognitive-led exponential change is dramatically changing our livesCognitive enabled exponential disruption
Large technology company builds thermostats that use machine learning to understand your preferences and save energy
Multiple technology companies apply natural language processing
and speech recognition to contextually interact with users
A logistics company utilizes handwriting recognition to
automatically sort over 95% of all handwritten addresses
Automobile manufacturer collects large amounts of data on driving patterns to create an expansive and shared autonomous learning
ecosystem for self-driving
Three broad emerging opportunitiesParadigms of the cognitive disruption
Robotics & Cognitive Automation
Enable machines to replicate human actions and judgement with robotics and cognitive technologies
Cognitive Insights
Identify opportunities growth, diversification and efficiencies by creating large-scale organization intelligence with pattern detection and the ability to analyze multiple data sources
Cognitive Engagement
Use intelligent agents and avatars to deliver mass consumer personalization at scale and smarter, more relevant insights to amplify end user experience
A spectrum of capabilities are enabling transformations for the Cognitive EnterpriseCognitive capabilities
Computer vision
Machinelearning
Natural language
processing
Optimization
Speechrecognition
Rules-basedsystems
Robotics Planning &scheduling
Using Cognitive technologies can greatly increase efficiencies, provide broader insights and identify risks and threats…
Cognitive in Audit, Risk and Compliance…
Robotics & Cognitive Automation
Cognitive Insights
Cognitive Engagement
Audit Tie-outAutomate manual and repetitive processes when tying out statements such as 10Q/K forms to optimize time and resources and significantly increase efficiency, effectiveness and accuracy
Automation of risk processesAutomate labor-intensive, error-prone, and highly complex risk processes that deal with high volumes of structured and unstructured data, where the output can benefit from the tool self-learning over time
Threat monitoring and detectionTrack activities and entities to establish normal behavior, and detect sources of anomalies that could create potential risks
Signal Risk Score Analysis Integrate into Audit's Signal platform to analyze and explain risk decile scores
Risk-related decision making Analyze contextual data (both structured and unstructured) as well as decision points, to determine rational choices –helping executives take strategic and financial decisions in line with their risk appetite
Risk sensingIdentify or predict risks that are difficult for humans and rule-based systems to spot, such as new categories of risks, diffused signals of risks, or potential sources of future risks
Transform your work, decision-making, and interactionsThe times are changing
Analytics Insights
Reactive Sensing Proactive Sensing
Segmentation Personalization
Workflow Automation Intelligent Automation
… TOFROM…
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