Over the past year, I have increasingly dedicated my time to speaking, writing, and advising on the use of data, analytics, and artificial intelligence (AI). This includes workshops, lectures, and direct consultation with clients on introducing and using AI.
Initially, this wasn’t an active decision but rather driven by demand. My phone has been ringing quite frequently with requests for assistance with data and AI consulting. So when I was introduced to Christian Heiner Schmidt in January, it became clear that it was time to seriously go all-in on the AI revolution.
Christian and I both have backgrounds in finance and an extensive network in the Nordic financial sector.
Our skills complement each other: I excel in data, analytics, and communication, while Christian excels in IT solutions and project implementation. Christian has led several high-profile, business-oriented IT systems for companies including Nordea, Carnegie, and Saxo Bank.
So when Christian and I met in January, it was clear – we should start an AI and data consulting business together. And that’s how PAICE came into existence. The company was officially registered in March, and we have now been working on the first major projects for some time.
But what is it that we do at Paice?
I have often said that AI is not primarily about technology, but about solutions – and about identifying problems that can be solved using data, analytics, and AI (both machine learning and language models). And that’s what we do – we identify problems and help find solutions.
Our focus is primarily on finance and sectors undergoing “financialisation”, i.e. sectors that are increasingly resembling the financial sector in terms of data and algorithm usage. This includes retail and wholesale businesses. Here we see enormous potential for the use of AI and data-based solutions.
To ensure effective implementation of AI-based solutions, we have entered into a Joint Business Relationship agreement with PwC (Denmark), enabling us to offer both consulting and implementation of AI and data-based solutions.
If you want to know more about Paice, please visit our website (here) or send us an email (hello@paice.io).
You can also reach me by phone (+ 45 52 50 25 06).
P.S. And don’t worry – I will not stop occasionally writing on monetary policy on this blog.
