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Visa Launches AI Consulting Practice to Support Clients in Gaining Competitive Advantage

Summary

Visa, the leading global digital payment company, has established an AI Consulting Practice to provide valuable insights and recommendations to clients on harnessing the potential of artificial intelligence (AI) and generative AI. Visa’s consulting and analytics department, Visa Consulting & […]

Visa Launches AI Consulting Practice to Support Clients in Gaining Competitive Advantage

Visa, the leading global digital payment company, has established an AI Consulting Practice to provide valuable insights and recommendations to clients on harnessing the potential of artificial intelligence (AI) and generative AI. Visa’s consulting and analytics department, Visa Consulting & Analytics (VCA), has extensive experience in implementing AI over the past three decades, with an investment of over $3 billion in AI and data infrastructure in the last decade. This new practice is a natural progression after numerous AI projects successfully executed by VCA.

Visa’s AI Consulting Practice will leverage a global network of over 1,000 consultants, data experts, and product specialists that are deployed across 75 offices worldwide. The focus of the practice will be to assist clients throughout the entire AI implementation process, from planning to measuring results. The primary objective is to help clients develop responsible AI strategies and effectively leverage the potential of AI to achieve specific business goals such as market expansion, product design, customer acquisition, improved engagement, and fraud prevention.

Instead of quotes:

Visa draws upon its rich experience and expertise in AI to aid clients in gaining competitive advantages. This unique AI consulting practice provides clients the opportunity to develop appropriate AI strategies and harness its benefits in business transformation.

FAQ:

1. How does Visa assist clients in implementing AI?
Visa’s AI Consulting Practice assists clients throughout the AI implementation process, providing valuable insights and recommendations related to strategy, planning, and modeling to achieve specific business objectives.

2. What are the advantages of using AI in the payment industry?
Using AI enables companies in the payment industry to enhance user experience, increase customer engagement, and reduce the risk of fraud. Visa provides expert consulting to its clients to leverage these advantages and gain a competitive edge in the payment market.