New Mastercard Service Speeds Adoption of Artificial Intelligence

AMSTERDAM--(BUSINESS WIRE)--Many companies today want to tap into artificial intelligence quickly but are not sure where to start. With the launch of AI Express, Mastercard will help companies develop a tailored artificial intelligence model that answers real business questions and can be swiftly deployed. Interest in artificial intelligence is strong: More than 80 percent of Fortune 500 CEOs see the technology as very or extremely important to their company's future, according to a study by Fortune. Viewed as a vital capability for industries that have rich data, many companies still lack the experience and expertise to extract the intelligence that can improve consumers' experience. "If data is the oil that powers the digital economy, artificial intelligence is the refinery," said Ajay Bhalla, chief security solutions officer at Mastercard.