From fraud detection to automating several repetitive tasks, Artificial Intelligence and Data Science have helped organizations in the banking and finance industry to seamlessly enhance their business operations. Not only that, but by interacting with virtual assistants with chatbots for their queries, easy money transfers, and managing their accounts, the entire customer experience in this field has also been drastically enhanced.
As we move ahead in the future, the role of Artificial intelligence and data science is only poised to grow even more. This is indicative of the fact that the global AI market in the banking and finance sector is expected to reach $71.2 billion by 2025, exhibiting a CAGR of 22.4%.
With varied applications, the integration of AI and data science in this industry also faces some challenges that need to be addressed. With experts working day and night, the synergy between these technologies and the industry will bring forth a phenomenal output in the coming years.
If you are planning to make a career in data science, you need to fully understand the influence of AI and data science and how they are transforming the banking and finance domain. So, download your copy of this comprehensive guide designed by USDSI®, and deepen your knowledge now.
No comments yet