How Banks Can Utilize Machine Learning - Crowdfund Insider

Last week, Accenture Consulting published a presentation on how banks can utilize machine learning to draw quicker insights from their data. Machine learning is the specific application of artificial intelligence (AI) in which computers can learn without being explicitly programmed to do so. Machine learning begins with an identified data set that will be used to "train" the computer. If the goal is for the computer to make a judgment based on data, then you would also need historical data that can be matched with correct answers. Using historical data as a training guide, the computer can now be programmed to go through real world data sets searching for similar patterns and making predictions.