The ripple effects of Artificial Intelligence

Is Artificial Intelligence (AI) an advantage to your business? While most say yes, tech experts concur that AI brings in a whole new set of challenges to organizations, especially around data security, transparency and data protection. Irrespective of the challenges, analysts have predicted that the artificial intelligence market will register a CAGR of over 33% by 2023. But, it's time that organizations start addressing a few key aspects around data. Ajoy Menon, Managing Director and Lead – Financial Services, Accenture Advanced Technology Centers in India, informs, "We are seeing great traction among BFSI companies to incorporate AI along the whole spectrum of its value chain and to reimagine their processes, products, employees and customer experience."