“It’s no surprise then that spending forecasts for AI are skyrocketing, with worldwide spending estimated at $35.8 billion. This uptick could yield $2.9 trillion of business value and 6.2 billion hours of worker productivity by 2021.” https://www.google.com/amp/s/www.forbes.com/sites/forbestechcouncil/2020/01/31/not-all-ai-is-created-equal-how-to-select-the-right-type-for-your-business-needs/amp/
Tag: ML
How can banks use technology to humanise services?
“Embrace AI to amplify the human, not the machine in banking Bridging generations for better financial inclusion and literacy New digital banks get closer to their local communities” https://www.google.com/amp/s/www.itproportal.com/amp/features/how-can-banks-use-technology-to-humanise-services/ (Image credit: Image Credit: MK photograp55 / Shutterstock) Chris Skinner The Banking Scene http://linkedin.com/in/cmskinner
Banking security in 2020: what to expect
“As technology continues to develop at pace, in 2020 we will see more banks begin to adopt artificial intelligence (AI) paired with machine learning (ML) to offer their customers enhanced security features. As businesses currently lose an average of 7% of their annual expenditure to fraud and 2017 seeing a record 16.7 million victims of…
The Impediments To Implementing AI And Machine Learning
“The biggest overall challenge is managing organisational change, according to the report. The reality is it takes a huge amount of human input to make these technologies work in the way that companies want them to, according to an executive.” Download: The LogMeIn and Which-50 analyst report, Transforming the Front Line of Customer Engagement Image:…
AI to play a greater role in Financial Services in 2020
“Digital banking paves the way for greater service continuity, making it easier for banks to capture and analyse data (with consumers’ permission), reduce repetition of information collection, and deliver more of what customers want. Although almost two-thirds of respondents claim their organisations are committed to innovation, and more than half (58 per cent) believe that…