IT News - AI

The fintech industry is undergoing a rapid transformation as artificial intelligence becomes more widely used

"AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021," opines Sean Parker in SmartDataCollective, "as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools.

Artificial intelligence (AI) and machine learning (ML) are two technologies that use digital technology to improve conventional financial services and solutions. Because of their exceptional ability to enable efficient processes, better financial analysis, and customer interaction, AI and ML are becoming Fintech trends..."

Artificial intelligence holds great business promise, but it takes more than a working model to create scalable, transformative change

"Business leaders at every level see the value of using artificial intelligence, but using AI well is where the true value lies," writes Maria Korolov in CIO.

"And the stakes are high. According to a Deloitte survey released last summer, 61% of companies expect AI to transform their industry over the next three years. Companies with effective leaders, a high level of commitment to AI projects, and a clear AI vision and strategy are positioned to benefit the most from this shift, according to a McKinsey survey released last November..."

There are a lot of great benefits of artificial intelligence with startups that can't be overlooked.

"As a tech company," writes Matt James in SmartDataCollective, "you will always be looking for ways to develop. Using data science and artificial intelligence can be useful for this type of growth. While they share some similarities, there are also some differences between the two. You may be surprised to hear about the amazing benefits that AI offers for startups, especially those in the tech sector.

Artificial intelligence

You may have heard artificial intelligence being referred to as AI in countless movies and TV shows. In real life, it's used for creating improvement rather than turning on humanity, as it is so often shown to be doing on screen, even though this makes interesting viewing..."

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