Ep. 054 Interview Series: Adam Shilton's on Uncovering the Potential of AI in Finance

Business Breaks - All Things Business

Speaker BIO:

Adam Shilton is a multi-talented individual with a passion for both music and finance. With a degree in music production, Adam is not only a performer but also heavily involved in the technical aspects of music. He values the community aspect of music, enjoying the collaboration and sharing of ideas that come with creating and composing music.
Adam has also delved into the world of finance, bringing his unique perspectives and experiences from the music industry to his work in finance. His podcast discussions with industry experts, such as Anders Lou Lindbergh, have allowed him to explore the intersection between music and finance, showcasing his diverse interests and expertise.

Key insights:

1. Introduction to Adam Shilton
- Business consultant and founder of Tech For Finance
- Background in music production and performance
- Transition from music to tech and finance
2. Expertise in Music Production and Engagement with Audience
- Influence of music background on technology and finance
- Transition from music to selling houses and working in tech industry
- Cross-application of music production skills in engaging audience in finance technology
3. Challenges in Moving from Legacy Systems to Cloud-Based Solutions
- Pace of change and challenges in finance function
- Implementing AI in finance processes
- AI Finance Club membership and focus on ChatGPT for finance
4. Comparison of Different Large Language Models for Finance Newsletter
- Accessibility of various models through platforms like apoe.com
- Emerging models like Amakin dot AI
- Performance comparison for tasks ranging from text generation to advanced coding
5. Leveraging AI for Speeding Up Tasks in Finance
- Importance of obtaining permissions for using company data
- Example of leveraging AI with Excel
6. Advancing Careers in Finance through Tech Skills and Soft Skills
- Balancing tech skills with emotional intelligence and influence-building
- Using AI and tech implementation projects to advance careers
7. Impact of Podcasting and Emerging Trends in Finance Technology
- Impact of podcast on people despite fewer followers compared to LinkedIn
- Excitement about AI copilots and potential impact on productivity
- Potential future impact of AI agents on decision-making
- Guiding philosophy of leverage for professional decisions and innovations
8. Biases in AI Results and Training Data
- Representation of stereotypes in AI results due to biased training data
- Difficulty in correcting biases in training data
- Impact of biased AI results and need for awareness and correction
9. Outsourcing Work and AI Language Model Development
- Outsourcing work via platforms like Upwork and focusing on high leverage activities
- Prioritizing community focus and quality over quantity in projects
- Development and challenges of AI language models like agent GPT and Claude
10. Importance of Clarity in Prompts for AI Language Models
- Limitations of AI language models' processing capabilities
- Advice on breaking prompts into smaller, simpler parts for improved model performance
11. Evolution and Applications of AI in Finance
- Transition from basic intelligence and machine learning to generative AI
- Applications of AI for inspiration and virtual assistance in finance
- Democratization of AI tools and potential of Copilot technology
12. Strategic Brand Building and Prioritising Impact Over Vanity Metrics
- Transition from pursuing vanity metrics to producing useful content
- Focus on impact and outcomes rather than size of following
- Emphasizing the importance of impact over vanity metrics
13. Ethical Considerations and Risks in AI Implementation in Finance
- Importance of caution and ethical considerations in implementing AI
- Concerns about data privacy and potential bias in AI language models
- Risks of overreliance on AI for junior team members and the importance of human validation

Connect with Adam:

• LinkedIn

• Tech for Finance Website

• Adam's Podcast

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