The AI revolution comes to finance

Shiraz Khota, SAP SAThe use of artificial intelligence techniques is revolutionising a number of technologies today, including internet search, game theory, business intelligence and medicine. What's not as well known is how it's changing finance for the better. AI is making finance faster, more efficient and more innovative. Plugging large amounts of historical data into deep learning systems can yield surprising – and profitable – results, but there are also the more run-of-the-mill benefits such as reducing the day-to-day grind of repetitive tasks. Where could AI make a difference in financial work right now? Shiraz Khota, head of S/4 Hana Cloud at SAP South Africa: A lot of the technology that is out there right now already has AI technology in it, even if it's rudimentary.