Report Code: A16074 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Artificial intelligence (AI) is the ability of a computer or a computer-controlled robotic system to do activities that usually require human intelligence and judgment, such as speech recognition, learning & problem solving, and planning.
Machine learning is a type of data analysis that automates the creation of analytical models. Machine learning is a field computer-based artificial intelligence that can learn from data, recognize patterns, and make judgments with little or no human ability. Advanced machine learning technology is used by businesses to improve their customer experience, services, and budgets. It offers process automation solutions that can replace regular manual labor. AI and advanced machine learning help reduce credit default scams by monitoring transactions and identifying suspicious transactions with compliance issues.
Market Scope and Structure Analysis
Description
End users are increasingly focusing on customized financial services owning to rise in chatbot usage across banks and increased rivalry among BFSI enterprises for market share. Various BFSI companies offer machine learning-based budget management applications. This helps clients in meeting their financial goals and improving their money management process, hence boosting market development. Furthermore, robo-advisors are a significant trend in customized financial services because they are designed to manage money for investors with limited resources, such as individuals and small and medium-sized businesses. Traditional data processing techniques are used by machine learning-based robo-advisors to develop financial portfolios and solutions for their clients, such as trading, investments, and retirement plans. Similarly, with the advent of usage-based insurance, machine learning and AI technologies are assisting in calculating the premium that is appropriate for each individual. These factors are driving the growth of AI and advanced machine learning in the BFSI market.
COVID-19 Impact analysis
Top Impacting Factors
AI solutions and services are being adopted and machine learning is facilitated for a variety of reasons, including the expansion of database-driven AI, advances in deep learning, and need to acquire robot autonomy to stay competitive in the global market. The robotics industry is transforming as a result of AI, computer vision, and machine learning. To stay ahead of the global market, firms began to develop completely autonomous robots that can interact, sense, and conceive the environment around them. Artificial networks are used in deep learning models to handle various amounts of data, such as texts, photos, and sounds, to provide correct analysis. AI-driven automation proves to be beneficial in a variety of areas, including agriculture, aviation, energy, medicine, and material handling. Artificial intelligence is used to automate operations, diagnose equipment failures, and detect product irregularities.Furthermore, increase in applications and simple deployment techniques drew governments' attention to AI technology, resulting in increased government expenditures in AI and related technologies.
Key Benefits of the Report
Artificial Intelligence and Machine Learning Market Report Highlights
Aspects | Details |
---|---|
By Component |
|
By Deployment Model |
|
By Enterprise Size |
|
By Industry Vertical |
|
By Region |
|
Key Market Players | Google, Microsoft, Alyuda, Ward Systems, Oracle, IBM, Intel, Starmind, GMDH, LLC, Qualcomm |
Loading Table Of Content...
Start reading.
This Report and over 71,213+ more Reports, Available with Avenue Library. T&C*.
10%
Discount
10%
Discount
15%
Discount
15%
Discount
Enterprise
License/PDF
20%
Discount
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers