Compliance and analytics – a starting point for Artificial Intelligence – IBS Intelligence

IBM's Watson is one of the most relevant AI systems at the moment. Marc Andrews gives us an insider's view on how the company sees the current landscape for the development of this technology as companies start embracing it A year ago, financial institutions started to realise that Artificial Intelligence (AI) should have applicability in their space but didn't fully understand the use cases or the potential implications to their business. Looking back, we needed the view of an expert on the field of AI, so we reached out to IBM's Vice President of Watson Financial Services Solutions, Marc Andrews, to ask him about how he saw the past year. Because of the unknown, we saw a lot of trepidation from these financial institutions: how will we get real value from AI? which activities can AI be applied to, and will it replace jobs? will AI be a black box that drives decisions which can't be explained? "Watson is being trained on regulatory citations to help financial institutions navigate an increasingly complex regulatory environment."