Srikanth Velamakanni – the Co-Founder and Group Chief Executive of artificial intelligence (AI) company, Fractal Analytics – tells Ouida Taaffe about the limitations of AI, the importance of data, and how financial services can make the most of both. Artificial intelligence (AI) is a bit like teenage sex – everybody is talking about it, but not many firms are really doing it. And one of the reasons for this is that AI itself is often not well defined. People can start out with a data objective and expect AI to fill the gap. AI, however, can only answer very specific questions.

Closing the gap in diagnosing and preventing heart disease would have an enormous effect on global health. Researchers at the Imperial College London are using virtual 3D models of the heart and machine learning to do just that. Heart disease is the leading cause of death around the world. Around 24 million people will die each year from heart-related ailments by 2030, according to American Heart Association estimates. The research team at ICL combined image analysis and machine learning algorithms to model heart contractions -- you can see the mesmerizing work in the video below. They then match those models against past patient outcomes to suggest better treatments and potentially improve outcomes in future patients.