Bank of Georgia wins four international DataIQ Awards for AI and data analytics

Bank of Georgia has received four international awards at the DataIQ Awards, becoming the most decorated recipient in the competition. The bank was recognized for its excellence in data analytics and artificial intelligence, winning categories including Best Data Analytics or AI Team and for its innovative technological solutions.

Mikheil Nadareishvili, Head of Data Analytics at Bank of Georgia, was named the Data and AI Leader of the Year. Under his leadership, the bank’s AI initiatives have significantly expanded, increasing the annual impact of non-credit AI initiatives tenfold. The bank has integrated AI into daily operations, with employees creating nearly 400 AI assistants and approximately two-thirds of back-office staff using AI daily.

Key technological achievements include the development of the ‘Data Science Agent Factory,’ a system composed of over 10 specialized AI agents and micro-agents designed to manage data science project planning, research, and modeling. Other advancements include reducing credit processing time to under one minute and utilizing chatbots to provide instant customer service.