Artificial Intelligence and The Banking Industry's $1 Trillion Opportunity

That's how much analysts estimate that artificial intelligence will save the banking industry. Financial institutions should expect a 22% cost reduction in operating expenses due to AI, with most of the savings coming from the front office. Subscribe to The Financial Brand via email for FREE!There are about 7.5 billion people on the planet, give or take a few. But that number pales in comparison to the number of connected devices worldwide. According to Autonomous, a financial research firm, people are outnumbered three-to-one by their smart computing devices -- an estimated 22 billion in total.