Artificial Intelligence in finance can help explore greener pastures

NEW DELHI: The adoption of Artificial Intelligence (AI) in different sectors, be it e-commerce, healthcare and banking services, has helped the businesses to scale up their efficiency rate and deliver products that are widely accepted. A similar trend can be seen in the personal finance space, where companies are increasingly leveraging on AI and machine learning to minimise risk and provide a better return. Though still at a nascent stage, the road ahead for decoding market trends based on previous data by creating algorithms is only expected to increase. Jimeet Modi, Founder and CEO, SAMCO Securities, said that the trend is very much beginning to pick up, and the next generation of businesses will increasingly use tools like AI and machine learning in various aspects of businesses."When However, in the next five years or so, it's acceptance will incarese rapidly in India," Modi told The New Indian Express.