[Analyticsvidhya] BigDataFr recommends: 5 AI applications in Banking to look out for in next 5 years

AI applications

BigDataFr recommends: 5 AI applications in Banking to look out for in next 5 years

“Machine intelligence is the last invention that humanity will ever need to make.”, Nick Bostrom

Artificial intelligence is a reality today and it is impacting our lives faster than we can imagine. It is already present everywhere, from Siri in your phone to the Netflix recommendations that you receive on your smart TV. The revolution brought by Artificial intelligence has been the biggest in some time. There is no denying that it has already become a crucial and integral part of our life.

Artificial intelligence is the blend of three advanced technologies – machine learning, natural language processing and cognitive computing. The concept of Artificial Intelligence is to simulate the intelligence of humans into artificial machines with the help of sophisticated machine learning and natural language processing algorithms. The prime motive for the idea of transferring the intelligence from humans to machines is to overcome the very barrier of human intelligence: scalability.

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By Devendra Mangani, Sr. Consultant, Bizofit
Source: analyticsvidhya.com

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