In this moment from the Acceleration Economy Cloud Wars Top 10 CEO Outlook 2024 series, IBM CEO Arvind Krishna sheds light on the transformative impact of technology in optimizing processes across industries.
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Highlights
00:11 — Large banks have thousands of people who deal with regulators. “What could we do to make their life easier?” Could IBM ingest these hundreds of thousands of pages of demands regulators make, extract the obligations, and then say, “Okay, you’re already doing it,” or “You’re not already doing it,” and so on?
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00:31 — Those are all ways to make people more productive, create better products, or make life go forward. Krishna is optimistic for this approach, even for pharmaceuticals. The bigger cost isn’t clinical trials, it’s when the regulators come in.
00:59 — What he’s describing about bank audits is not that different from pharmaceuticals, and he’s deeply excited about the prospect of working with them.
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