“Yes Bank, India’s private sector bank, has partnered with Microsoft to strengthen its AI enabled chatbot, Yes Robot, with advanced NLP engine LUIS (Language Understanding Intelligent Service) and other cognitive services, capable of understanding and resolving the evolving banking needs of customers without the need for human intervention.” https://www.google.com/amp/s/yourstory.com/2019/09/yes-bank-partnersship-microsoft-strengthen-ai-banking-solutions/amp Ritesh Pai, Chief Digital Officer, Yes…
Month: September 2019
Spending on AI systems set to surge and consultants are going to thrive
“According to IDC, global spending on artificial intelligence systems is expected to hit $97.9 billion in 2023, up from $37.5 billion in 2019. Spending on AI systems will see a compound annual growth rate of 28.4% from 2018 to 2023.” https://www.google.com/amp/s/www.zdnet.com/google-amp/article/spending-on-ai-systems-set-to-surge-and-consultants-are-going-to-thrive/
Former Cisco CEO Says AI Will Have Bigger Impact Than The Internet
“Are you overhyping digital transformation and AI? Chambers: No. It’s the biggest trend in the last 30 years, since the commercialization of the Internet. Bigger even. It will produce an impact two or three times what the Internet did and in a much faster pace. It is accelerating. Why are you so bullish on India? Chambers: If…
Wells Fargo: Artificial intelligence and machine learning a ‘double-edged sword’
http://linkedin.com/in/mike-telang-705b263 “‘I think almost all large banks are being asked now by regulators to go back and identify any ML/AI solution that’s brought into the bank because the implication of that is, if the wrong algorithm is being used, you are going to decline credit or you’re going to have impact to the customers.’ ‘A…
Five sure steps to achieve AI success—and sidestep the pitfalls
“Why do AI and machine learning (ML) projects fail, and what should you do to steer clear of the pitfalls? Ill-prepared platforms ‘We need another five to seven years’ Actionable AI advice: Five pointers Don’t go with the hype Get the data right Domain knowledge married to technology is essential Get the right partner or…