The Next Frontiers of AI and Machine Learning in Data - Fintech Singapore

With data becoming a core business asset for financial companies, artificial intelligence and machine learning (AI/ML) continues to be a focal point in maximising the competitive advantage of this'new oil'. This is according to a new study by LSEG Labs, The Defining Moment for Data Scientists, on the applications of AI/ML in financial services. The study found that the adoption of AI/ML within organisations has remained steady since 2018. Over the last three years, between 40-50% of respondents reported deploying AI/ML in multiple areas. The survey is based on responses from 482 data scientists, quants, model governance professionals and C-suite executives, from both sell-side and buy-side financial institutions.