“Change is always scary. Predictive analysis and artificial intelligence are rapidly reshaping the banking industry in ways that were never thought possible in previous generations. Those who decide to proceed through a digital transformation process will get to experience numerous benefits for taking that risk.
List of the Benefits from Predictive Analytics and AI
1. It improves the firm’s risk management profile.
2. Improvements to fraud detection and prevention occur.
3. It helps banks to understand their customers better.
4. New customer acquisition activities become more productive.”