AI is a fantastic enabler. It allows for the redesign of business models across sectors. Consider Wise, in the money transfer business. By using a proprietary algorithm to predict demand for all the currencies in the 80-plus countries in which it operates, it has completely rethought its business. Money doesn’t have to be moved around; instead, Wise maintains bank accounts in each country to cover its transactions, reducing processing times and offering customers transfers that are 80% to 90% cheaper than rivals.
As part of our series about the future of Artificial Intelligence, I had the pleasure of interviewing François Candelon.
François Candelon is a managing director and senior partner of BCG, and the Global Director of the BCG Henderson Institute, BCG’s think tank dedicated to exploring and developing valuable new insights from business, technology, economics, and…
