Six Reasons Why AI Has Emerged in Finance

Artificial Intelligence (AI) has moved beyond merely capturing our imaginations – it is now replacing jobs, it is augmenting our skill sets, it is driving new discoveries on a daily basis – AI is already here, but why? A nexus of forces has fortuitously converged to deliver enormous growth in AI's ability to deliver valuable real-world application in the financial services sector (and elsewhere.) Before delving deeper into these forces – it's beneficial to first look at what AI is, what forms it comes in and what areas are particularly interesting to the world of finance. AI is a machine based intelligence that can remember, think, decide and act without human intervention. The Narrow (or Weak) AI that is currently in operation today is not to be scoffed at, despite its unflattering title.