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5 Ways AI is Transforming the Finance Industry - Maruti Techlabs

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As global technology has evolved over the years, we have moved from television to the internet, and today we are smoothly and gradually adapting Artificial Intelligence. The term AI was first coined by John McCarthy in 1956. It involves a lot of the main things ranging from process automation of robotics to the actual process of robotics. It has become highly popular among large enterprises today owing to the amount of data these companies are dealing in. Increase in the demand for understanding the data patterns has led to the growth in demand of AI.


Has AI arrived for financial services?

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When will artificial intelligence really have'arrived'? For a long time, this was a question for philosophers and computer scientists, pondering over whether passing the Turing test truly indicates intelligence, or debating about how broad our definition of artificial intelligence should be. Over the last several years, however, this question has changed considerably: with the advent of consumer AI tools such as virtual assistants and the increasing availability of off-the-shelf solutions offering to bring the power of AI to business operations, the issue has become less philosophical, and much more pragmatic. Now, for business leaders, it is often a matter not of whether to respond to the arrival of AI, but of how to respond to the arrival of AI. The promise is, of course, huge.


Machine learning in finance: From buzzword to mainstream - JAXenter

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Finance is one of the most conservative sectors and one of the latest technology adopters for a good reason: it requires stability, predictability, and risk hedging. Even if there are significant opportunities presented by technology, financial companies will be lagging behind because they should wait for a technology to enter its maturity stage as well as for somebody else to test it first and absorb associated risks. However, once a technology is stable enough and has gained mass adoption among businesses, it becomes appealing for the finance sector. This is the case of machine learning (ML), which has ceased to be just a buzz word now. SEE ALSO: Meet Manifold: Uber's machine learning model debugging tool goes open source Machine learning uses statistics to recognize patterns and associate them with entities or cases.


How To Improve Channel Sales With AI-Based Knowledge Sharing Networks

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Bottom Line: Knowledge-sharing networks have been improving supply chain collaboration for decades; it's time to enhance them with AI and extend them to resellers to revolutionize channel selling with more insights. Add to that the complexity of selling CPQ and product configurations through channels, and the value of using AI to improve knowledge sharing networks becomes a compelling business case. Automotive, consumer electronics, high tech, and industrial products manufacturers are combining IoT sensors, microcontrollers, and modular designs to sell channel-configurable smart vehicles and products. AI-based knowledge-sharing networks are crucial to the success of their next-generation products. Likewise, to sell to any of these manufacturers, suppliers need to be pursuing the same strategy.


AI is Transforming Digital Marketing Landscape in 2020 - The Next Scoop

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Understanding text, images, and sounds is not a uniquely human prerogative anymore. Artificial intelligence is transforming virtually every business. AI's ability to derive data-driven insights is paving the road to better digital marketing. From the vast data analysis, marketers gain valuable consumer insights and change how they connect brands with their audiences. Why artificial intelligence cannot be separated from digital marketing anymore?


Voice + AI Is Coming To The Workplace Loud And Clear

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Virtual assistants turn 16 this year and you don't have to look too hard – or speak too loudly – to find them. In fact, there will be around 8 billion voice-based devices by 2023 – more than the world's population today. From Amazon's Echo and Google's Assistant to Apple's Siri, Samsung's Bixby and Microsoft's Cortana, billions of people around the world are using their voices every day to schedule appointments, get directions, play music or get answers quickly-- all things that once required us to tediously type or write. Even Twitter recently announced that users can now audio tweet their inner musings. And yet, despite widespread adoption of voice-based devices in our personal lives, applications based on voice are nowhere as pervasive in our professional lives as they are in our homes.


Enabling the Return To Work initiative using SAP Conversational AI & Qualtrics

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As many parts of the world continue to remain in lockdown due to the global pandemic, many countries have started to ease the restrictions. Particularly in Australia & New Zealand, schools have reopened, workers are heading back to their offices, and restaurants & retail stores are beginning to resume trade with new set of guidelines. These guidelines might also vary from one state to another and hence businesses that operate and have offices in different states, need to provide relevant updates to their employees to be able to comply with the new regulations. The most common practice from employers is to send out regular emails outlining the guidelines. Chatbots are beginning to play a vital role in providing real-time upto date information.


AI and the future of tech support

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A few years ago, one of our high-tech manufacturing clients found their tech support staff was responding to a high volume of L1 support calls from users about whether particular applications were down, or to reset passwords or provisioning access to new applications. The client wanted to explore solutions through our innovation center of excellence to see whether there was a more efficient way to handle routine requests without impacting user satisfaction. In response, we developed TEKsystems.sAIge, For example, if a user types, "I can't access the lead management system," the machine understands the intent of the message and passes on the context to an AI engine to analyze. If the machine is down, the chatbot communicates the reason to the user--or restarts the services through automation scripts that are predesigned to execute tasks.


Three Ways Artificial Intelligence Is Changing Medicine

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We may not be at the point where you overhear your surgeon saying, "Hey, Google, pass the scalpel," but artificial intelligence (AI) is gradually making its way into the healthcare industry and, by extension, dermatology and plastic surgery practices. Even in its limited use, AI is already helping providers offer their patients better care, whether it's preop, in the OR or during the recovery process. Your experience with a medical practice starts as soon as you look for information online. You might have questions for the practitioner or want to book an appointment. In the past, you would have emailed or called the practice, but you may now find yourself speaking to an AI assistant on the practice's website.


Use Cases of Artificial Intelligence in Finance Industry

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Artificial Intelligence in today's digital world is playing the role of a real game-changer. This technology is changing the working of each and every industry at a great pace. Recently Artificial Intelligence has shaken its hand with the finance industry. The AI systems can examine and trace millions of data points. They also find the trending patterns which people are missing. Better conversational tress is created with a combination of AI and Natural Language Processing.