33% CAGR to Be Achieved by AI in Fintech Market by Extensive Market Growth - Press Release - Digital Journal

Pune, India -- (SBWIRE) -- 06/15/2018 -- In the solutions segment, the software tools solution is expected to have the largest market share, whereas platforms solution is expected to be the highest contributor during the forecast period. Software tools help in deploying AI enabled solutions in the finance sector to extract a large amount of data, as well as accurate and complete data on time. Financial companies were early adopters of a relational database and mainframe computers, moreover, the industry is one of the early integrators of artificial integration in their daily operation to enhance the customer experience and handle growing big data. The inclusion of artificial intelligence improves results through implementation of sophisticated algorithms and understanding consumer behavior. The ever-increasing number customers in the financial industry are giving tough times to accommodate and attend every service request humanely whereas Chabot, an automated chat box helps in monitoring and replying near a specific resolution to consumers is expected to have a positive impact on the market growth over the forecast period.