AI regularly used by 18% of organisations » GTNews.com

Artificial intelligence (AI) systems are being regularly used by 18% of organisations, according to consumer information management firm Callcredit Information Group in its Fraud & Risk report. With take-up of AI on the rise, PricewaterhouseCoopers (PwC) recently predicted that global gross domestic product (GDP) will be 14% higher in 2030 because of artificial intelligence. This is the equivalent of an additional $15.7trn, or more than the current output of China and India combined, according to PwC research. Data analytics AI technology is in the early stages of deployment but is already set to transform financial markets and could act as a key differentiator in performance, Matthew Hodgson, CEO of Mosaic Smart Data, tells GTNews. Two of the key areas within financial services that are making huge advances in AI are fraud prevention and lending and leasing.