From Constant Refresh to On-Demand Insight: Reimagining Dashboards in the Age of AI
The traditional goal in finance has been to achieve real-time dashboards, moving away from static Excel sheets. However, the advent of AI fundamentally shifts this paradigm.
Instead of striving for constantly updating dashboards, financial professionals should view them as disposable tools. Need a new projection for a client? Simply delete the old one and have AI generate a fresh chart. Require updated insights on weekly performance? Discard the previous analysis and request a new one from AI.
While AI offers immense value, the constant automatic refresh and recreation of dashboards can be inefficient and expensive. DeepSeek R-1, the latest contender in the Chinese AI landscape, aims to democratize access to powerful AI models and the substantial computing resources they require. This decentralized approach promises to significantly reduce the costs associated with large language models.
However, despite advancements in AI applications, the current practice of having AI automatically replace charts at unpredictable intervals can be less efficient than simply having a human delete and regenerate them when needed. This automated approach can lead to unnecessary computational overhead and potential inefficiencies.
The True Power of AI: On-Demand Information
- Effortless Insights: Eliminate the need to sift through vast datasets to generate forecasts and insights.
- On-Demand Co-Pilot: AI acts as an instant resource, readily available to assist with your needs.
- Agile Information Consumption: Create insights, utilize them, and discard them as required, adapting to changing circumstances.
- Significant Time Savings: Obtain the information you need quickly and efficiently through simple prompts.
The financial services industry should move beyond the pursuit of perpetually refreshing dashboards. The future lies in embracing AI-powered on-demand information, a more efficient and effective approach.