AI Investments only deliver profits for banks when built on strong data foundation

Nairametrics | 19-06-2026 12:15am |

Artificial Intelligence (AI) has significantly transformed various sectors, particularly banking and finance. In Nigeria and other regions, financial institutions are increasing their investments to incorporate AI technologies into their fundamental operations. However, many of these initiatives are failing to yield the expected profitability, primarily due to a lack of a robust data foundation. Experts indicate that without strong data infrastructure, the potential benefits of AI investments may remain unrealized.

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