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Artificial intelligence isn't coming. by Admin February 6, 2020 June 15, 2020 0 203. Artificial intelligence has been around for a while, but recently it is taking on a life of its own, invading various segments of business, including finance. As of now, numerous companies claim to assist business leaders in the finance domain, specifically, in aspects of their roles using AI. However, it is the finance industry which is claimed to have benefitted the most with the help of Artificial Intelligence. Artificial Intelligence (AI) is a powerful tool that is already widely deployed in financial services. According to a Gartner survey, 27% of financial departments expect to deploy some form of artificial intelligence or machine learning and half of the respondents — predictive analytics by 2020. Cognitive computing , Chatbots , Personal Assistant, Machine Learning are all peripherals of AI used in the finance industry extensively nowadays. Artificial intelligence (AI) technology has transformed the consumer financial services market and how consumers interact with the financial services ecosystem. It has great potential for positive impact if companies deploy it with sufficient diligence, prudence, and care. ... 7 Examples Of Artificial Intelligence In Finance. Traders, wealth managers, insurers, and bankers are likely well aware of this in some form. The finance sector has proven itself an early adopter of AI in comparison to other industries. It follows that AI would find its way into the business intelligence world. Artificial intelligence in finance is transforming the way we interact with money. Alexa, Siri, Cortana, and Google Assistant are just some of the most notable examples of artificial intelligence we’re all familiar with. While we might think that artificial intelligence is at least a few years away from causing any considerable effects on our lives, the fact remains that it is already having an enormous impact on us. Appen provides customizable options across data types, languages and security demands for the financial services industry. The entire tech world is debating the consequences of artificial intelligence and the part AI is going to play in shaping our future. A cost-effective, high ROI approach to train AI models for finance. In our previous report, we covered 6 use-cases for AI in business intelligence. Following companies use IoT in their finance applications and have been quite successful in doding. As such, the applications of artificial intelligence and machine learning in finance are myriad. It's already here. We interact with our PAs regularly – ask them for directions, information about the weather and the news. 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