- “The World Economic Forum attributes the Fourth Industrial Revolution (4IR) to the growth and consolidation of technologies such as artificial intelligence (AI), machine learning (ML), deep learning (DL), the Internet of Things (IoT) and more.
- AI helps policy underwriters in drafting custom insurance policies that account for the risk and customer lifetime value of an individual. On the other hand, AI-powered bots can perform high-security authentication while offering access to banking facilities. Similarly, robo-advisories can make personalized recommendations for investment opportunities for wealth creation.
- PwC states that AI will stimulate global economic growth by $15.7 trillion by 2030. These numbers paint a bright future for the AI revolution.”