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Explore the latest advancements in Retrieval-Augmented Generation (RAG) and Agentic AI models, their challenges, solutions, and innovative use cases, as discussed in our recent webinar.
RAG (Retrieval-Augmented Generation) and Agentic AI are transforming industries by combining precise data retrieval with autonomous, goal-driven workflows. Key innovations include hybrid retrieval systems, memory agents for conflict resolution, and multimodal AI. Use cases span call center automation, KYC, and AI-driven research. Businesses must weigh build vs. buy decisions based on scalability, expertise, and deployment speed. These technologies promise faster, smarter, and scalable AI solutions for a competitive edge.
Why is AI important in the banking sector? | The shift from traditional in-person banking to online and mobile platforms has increased customer demand for instant, personalized service. |
AI Virtual Assistants in Focus: | Banks are investing in AI-driven virtual assistants to create hyper-personalised, real-time solutions that improve customer experiences. |
What is the top challenge of using AI in banking? | Inefficiencies like higher Average Handling Time (AHT), lack of real-time data, and limited personalization hinder existing customer service strategies. |
Limits of Traditional Automation: | Automated systems need more nuanced queries, making them less effective for high-value customers with complex needs. |
What are the benefits of AI chatbots in Banking? | AI virtual assistants enhance efficiency, reduce operational costs, and empower CSRs by handling repetitive tasks and offering personalized interactions. |
Future Outlook of AI-enabled Virtual Assistants: | AI will transform the role of CSRs into more strategic, relationship-focused positions while continuing to elevate the customer experience in banking. |
In an era where AI capabilities are evolving at lightning speed, retrieval-augmented generation (RAG) and agentic AI models stand out as revolutionary concepts. During our recent webinar, we delved deep into these transformative technologies, shedding light on their challenges, solutions, and potential. Here’s a comprehensive overview of the key insights shared.
Let's understand RAG and Agentic AI!
RAG systems combine the power of retrieval mechanisms and generation models. They leverage external data sources like vector databases, graphs, or SQL systems to augment their generative capabilities. This approach makes them particularly effective in scenarios where factual accuracy is critical, such as finance, legal, and healthcare.
Agentic AI models operate with goal-oriented autonomy. Unlike traditional models that respond to individual queries, agents plan, act, and decide based on their objectives. This allows them to solve complex problems by breaking them into subtasks and coordinating solutions.
To overcome these challenges, our webinar introduced Agentic RAG—a hybrid system integrating multiple retrieval sources and agents to refine the process. Key components include:
Agentic AI moves beyond static Q&A formats by simulating human-like workflows. Agents specialize in tasks like internet research, planning, and summarization.
This division of labor mirrors human collaboration, ensuring faster and more accurate outcomes.
Starting as assistive tools for human agents, AI systems evolve into fully autonomous agents capable of handling up to 90% of inquiries.
Agents translate natural language queries into SQL commands, enabling dynamic retrieval of structured data from databases.
Streamlining identity verification processes with multi-agent workflows that handle document analysis, data extraction, and validation.
Agents autonomously conduct research, generating newsletters or reports based on real-time insights.
Agents integrate voice, text, and images, offering a seamless experience for industries like finance and healthcare. For example, voice-first agents process queries in real time and provide accurate, conversational responses.
When deciding between building or buying a RAG or Agentic AI solution, consider:
By merging RAG's retrieval power with Agentic AI's goal-oriented autonomy, organizations unlock unparalleled efficiency and innovation. These systems are transforming industries by enabling faster, smarter, and more scalable solutions.
From enhancing call centers to revolutionizing document processing, the possibilities of RAG and Agentic AI are vast. As these technologies mature, their integration will become indispensable for businesses aiming to stay ahead in the AI-driven world.
Fluid AI is an AI company based in Mumbai. We help organizations kickstart their AI journey. If you’re seeking a solution for your organization to enhance customer support, boost employee productivity and make the most of your organization’s data, look no further.
Take the first step on this exciting journey by booking a Free Discovery Call with us today and let us help you make your organization future-ready and unlock the full potential of AI for your organization.
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