banking & finance


Broadcom Develops Automation.ai to Support AIOps Growth

#artificialintelligence

Broadcom AVGO recently launched Automation.ai, an AI-based software platform for supporting decision making processes across different industries. Large volumes of data often make digital transformation a challenging regime. This can lead to slower decision making. Automation.ai is a unique platform designed to ease complications stemming from the interference of diverse tools and data, and thereby facilitate informed decision making. Automation.ai correlates and examines data as well as powers Digital BizOps from Broadcom across different types of operations.


Artificial Intelligence in Food and Beverages Market Forecast Report Offers Actionable Insightss 2019 – 2027 – Instant Tech Market News

#artificialintelligence

The study on the Artificial Intelligence in Food and Beverages Market Research offers a profound comprehension of the market dynamics like opportunities, drivers, trends, and the challenges. The analysis further elaborates on the micro and macro-economic aspects which can be predicted to shape the rise of the Artificial Intelligence in Food and Beverages Market throughout the forecast period (2019-2029). The introduced study elucidates the key indexes of Market growth which contains a comprehensive analysis of CAGR development the value chain, and Porter's Five Forces Analysis. This data will enable readers to know the qualitative growth parameters of their worldwide market. The development prospects of this Artificial Intelligence in Food and Beverages Marketplace in various Regions are analyzed in the report together with information such as political, the regulatory frame, and economic outlook of each region.


How to utilise Artificial Intelligence in fraud claims

#artificialintelligence

Nigel Cade, managing director of The Insurance Claims Service Centre, explained to Insurance Business the innovative ways in which Artificial Intelligence (AI) can be used to help detect and prevent fraudulent claims, but also that a'fraud fighting culture' needs to be present to properly utilise the software. "There is often a zero-tolerance policy, but not necessarily a fraud fighting culture in place," Cade explained. "I don't think that the industry is yet to deal that well with fraud at all." Cade spoke to Insurance Business in anticipation of his presentation on the topic at the TechFest in May. Fraud, he said, was still a pressing issue that the insurance industry must grapple with. "It's huge – it's a huge problem still," he said.


The Emergence Of TD As A Data-Driven Force In Banking

#artificialintelligence

As the North American banking landscape continues to evolve, many consumers have noted the growing presence of Toronto-based TD Bank Group in major U.S. cities across the East Coast. TD Bank, which brands itself as "America's Most Convenient Bank", is now the 8th largest U.S. bank by deposits and the 10th largest bank in the United States by total assets. I recently spoke with TD executive, Michael Rhodes, who serves as Group Head, Innovation, Technology, and Shared Services for the bank, and I began our conversation with a direct question -- given that only 37.8% of leading firms report being data-driven, and only 26.8% claim to have established a data culture, would he characterize TD as being "data-driven". His response was quick and emphatic. "Yes, we are data-driven", Rhodes replied, "We have made substantial investments in data and AI capabilities that are providing customer value today".


Cognitive Computing Market Outlook To 2025 - Emerging Trends and Technology - TechnologyMagazine.org

#artificialintelligence

Segmentation of cognitive computing market by technology comprises natural language processing, automated reasoning, machine learning, and semantic analysis. Machine learning is anticipated to have the highest CAGR as it is widely used across various applications of cognitive computing and artificial intelligence. Machine learning is deployed by various industries in their operations. Cognitive computing market segmentation on industry verticals include BFSI, healthcare, construction and engineering, oil and gas, retail, education, government and defense, transportation, and others. The healthcare industry is anticipated to experience a high growth during the forecast time period as it allows doctors and specialists to have access to the data collected from disparate and exogenous sources, take informed decisions, and examine critical attributes of a patient case.


Banking on AI

#artificialintelligence

It is hard to imagine a world without the banking industry being the gatekeeper of the global financial system. If banks want to grow market share and extend their value, they have no choice but to wholeheartedly adopt data-driven enabling technologies and their acronyms: #AI, #ML, #DL, #NLP, #NLG, #RPA, #RaaS…..which I bucket as advanced analytics and decisioning. The industry is plagued with inefficiencies that will be the death of banks. Under the hood, most institutions still operate using older, siloed, and static core systems with poor quality, inconsistent, and heavily customized data. They have accumulated a decade of shelfware, are slow to change, and are barely managing their compliance obligations.


The Supply Side: Artificial intelligence is slowly shaping the future of retail - Talk Business & Politics

#artificialintelligence

Artificial intelligence (AI), otherwise known as machine learning, is slowly reshaping retail from optimizing back-end supply chain operations to in-store execution. It is also impacting marketing, customer service engagement and anti-fraud activities, according to a report from New York-based information technology industry analyst firm 451 Research. While AI is far from the mainstream, researchers said plenty of retailers are experimenting with how machine learning can be applied in many areas of retail. The report states retailers won't be the only ones needing to adapt to the disruption of machine learning as customers will also face changes in how they view and experience shopping. For AI to work to its full potential, researchers said customers will need to be comfortable with increased data sharing if they want to benefit from personalized shopping experiences via machine learning.


Machine Learning for Finance in Python

#artificialintelligence

Time series data is all around us; some examples are the weather, human behavioral patterns as consumers and members of society, and financial data. In this course, you'll learn how to calculate technical indicators from historical stock data, and how to create features and targets out of the historical stock data. You'll understand how to prepare our features for linear models, xgboost models, and neural network models. We will then use linear models, decision trees, random forests, and neural networks to predict the future price of stocks in the US markets. You will also learn how to evaluate the performance of the various models we train in order to optimize them, so our predictions have enough accuracy to make a stock trading strategy profitable.


How Machine Learning Halts Data Breaches - Insurance Thought Leadership

#artificialintelligence

There are four main types of data breaches that advances in machine learning can help thwart. Although we hear a lot about major cybersecurity breaches in non-insurance organizations – Target, Experian, the IRS, etc. – there have been breaches in the insurance industry, too, albeit less publicized. Nationwide faces a $5 million fine from a breach back in 2012. Horizon Blue Cross Blue Shield is still the defendant in a class action suit over a 2013 breach that affected 800,000 of its insured. As hard as organizations try to secure their data and systems, hackers continue to become more sophisticated in their methods of breaching.


If you could buy only one stock for 5G and artificial intelligence, this would be it

#artificialintelligence

During the California gold rush, many miners went bankrupt. However many merchants who were selling picks and shovels became rich. Most investors recognize that the gold rush is on in 5G and artificial intelligence. The gold rush is also on in automotive electronics. Just take a look at a massive move in Tesla's TSLA, -0.49% stock.