Scouting for Growth Areiel Wolanow On Unleashing AI, Quantum, and Emerging Tech
On this episode of the Scouting For Growth podcast, Sabine meets Areiel Wolanow, the managing director of Finserv Experts, who discusses his journey from IBM to founding FinServ Experts, emphasising the importance of focusing on business models enabled by technology rather than the technology itself.
Areiel delves into the challenges and opportunities presented by artificial intelligence, responsible AI practices, and the implications of quantum computing for data security, highlighting the need for organisations to adapt their approaches to digital transformation, advocating for a migration strategy over traditional transformation methods
KEY TAKEAWAYS
-
Emerging tech should be leveraged to create new business models rather than just re-engineering existing ones. Understanding the business implications of technology is crucial for delivering value.
-
When harnessing artificial intelligence, it's essential to identify the real underlying problems within an organisation, assess its maturity, and build self-awareness before applying maturity models and gap analyses.
-
The EU AI Act serves as a comprehensive guideline for responsible AI use, offering risk categories and controls that can benefit companies outside the EU by providing a framework for ethical AI practices without the burden of compliance.
-
Organisations should prepare for the future of quantum computing by ensuring their data is protected against potential vulnerabilities. This involves adopting quantum-resilient algorithms and planning for the transition well in advance.
-
Leaders should place significant responsibility on younger team members who are more familiar with emerging technologies. Providing them with autonomy and support can lead to innovative solutions and successful business outcomes.
BEST MOMENTS
'We focus not on the technology itself, but on the business models the tech enables.'
'The first thing you have to do... is to say, OK, is the proximate cause the real problem?'
'The best AI regulations out there is the EU AI Act... it actually benefits AI companies outside the EU more than it benefits within.'
'Digital transformations have two things in common. One is they're expensive, and two is they always fail.'
ABOUT THE GUEST
Areiel Wolanow is the managing director of Finserv Experts. He is an experienced business leader with over 25 years of experience in business transformation solutioning, sales, and execution. He served as one of IBM’s key thought leaders in blockchain, machine learning, and financial inclusion. Areiel has deep experience leading large, globally distributed teams; he has led programs of over 100 people through the full delivery life cycle, and has managed budgets in the tens of millions of dollars.
In addition to his delivery experience, Areiel also serves as a senior advisor on blockchain, machine learning, and technology adoption; he has worked with central banks and financial regulators around the world, and is currently serving as the insurance industry advisor for the UK Parliament’s working group on blockchain.
ABOUT THE HOST
Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew a venture lab that accelerates the curation, validation, & commercialization of new tech business models. Sabine is renowned within the insurance sector for building some of the most renowned tech startup accelerators around the world working with over 30 corporate insurers, accelerated over 100 startup ventures. Sabine is the co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor & multi-award winner.