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How Data Analytics Backed By AI & ML Is Transforming The BFSI Sector

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Jan 19, 2019 4:40 AM 3+ mon ago

How Data Analytics Backed By AI And ML Is Transforming The BFSI Sector - Analytics India Magazine

Analytics India Magazine How Data Analytics Backed By AI And ML Is Transforming The BFSI Sector

Stephen Hawking, the renowned theoretical physicist once said, "It's tempting to dismiss the notion of highly intelligent machines as mere science fiction." The reality is that most AI applications do not have a physical form, but rather "live" in lines of code. The term "AI" includes all technology used to mimic human intelligence, typically falling into one of three subcategories: machine learning, natural language processing and cognitive computing.

The financial industry is a highly regulated and data-intensive industry. With the invent of new entrants like FINTECHs, digital and payment banks, new regulations and change in customer behaviour traditional banking system is facing and feeling an external disruption and tension to reinvent itself and critically examine its business processes to not only get more clients ...

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