“Traditional banking is being challenged by companies like Google, Amazon, and Facebook, who now offer financial services as well, Basson said. If the first generation of AI in banking was mostly about efficiency, now it is also about leveraging data into insights that could be used to improve customer experience” https://m.calcalistech.com/Article.aspx?guid=3774413
Month: November 2019
AI: The Next Big Thing For Small Businesses, Too
“Almost every business leader I know has begun to — or is pondering the best way to — incorporate artificial intelligence (AI) into their 2020 growth plan. If deployed judiciously, however, AI can provide a clear advantage. A 2016 study conducted by Harvard Business Review found that sales teams incorporating AI enjoyed a 50% increase…
McKinsey: Why some industries gain an AI advantage, while others lag
“McKinsey’s Global AI survey has found that the use of artificial intelligence (AI) in automating business processes has increased by 25% year on year, yet a number of sectors are struggling. McKinsey’s research found that these high performers in AI are nearly three times more likely than those from lower-performing companies to report revenue gains…
HSBC to build the bank of the future by giving its 30,000 devs access to APIs
HSBC is building a new digital banking platform, with the organisation looking to power the bank of the future through the use of APIs. the bank is taking advantage of open banking to develop new, “connected” experiences for its more than 38 million customers worldwide, HSBC is using MuleSoft’s Anypoint API Community Manager to build…
AI magic bean could save farmers millions
“Farmers across the world could jack up giant profits using an Artificial Intelligence soil monitoring system developed at Brunel University London. Farmers can plant one or many of the £92 pods into soil. Each houses sensors that collect hourly data on growing conditions. Without Wi-Fi, GSM or an internet connection, it uses a low-power Internet…