Global Artificial Intelligence (AI) in BFSI Market report from Global Insight Services is the single authoritative source of intelligence on Artificial Intelligence (AI) in BFSI Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Artificial intelligence (AI) is a branch of computer science that deals with the creation of intelligent agents, which are systems that can reason, learn, and act autonomously. AI in BFSI is used to create systems that can make decisions for themselves, which is important in an industry where there is a lot of data to process and where decisions need to be made quickly. AI can help to automate decision-making processes, making them faster and more accurate. It can also help to identify patterns and trends in data, which can be used to make better decisions.
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Key Trends
There are four key trends in Artificial Intelligence (AI) in BFSI technology:
1. The use of AI to identify and target potential customers: Banks and other financial institutions are using AI to analyze data about potential customers in order to better target them with products and services. This includes using data from social media and other online sources to identify potential customers and their needs.
2. The use of AI to provide personalized advice and recommendations: Banks and other financial institutions are using AI to provide personalized advice and recommendations to customers. This includes using data about the customer’s financial situation and goals to provide recommendations about products, services, and strategies.
3. The use of AI to automate tasks: Banks and other financial institutions are using AI to automate tasks such as customer service, fraud detection, and risk management. This includes using AI to identify patterns and trends, and automate decision-making.
4. The use of AI to improve decision-making: Banks and other financial institutions are using AI to improve decision-making. This includes using AI to identify and analyze data, identify patterns and trends, and make predictions about future events.
Key Drivers
The proliferation of data and the advancement of analytics and cognitive technologies are the key drivers of AI in BFSI. The BFSI sector is under pressure to improve customer experience, drive operational efficiencies, and prevent fraud. AI can help BFSI organizations achieve these objectives.
Organizations in the BFSI sector are awash with data, but they often struggle to make sense of it all. AI can help BFSI organizations make sense of their data and use it to improve customer experience, drive operational efficiencies, and prevent fraud.
AI can help BFSI organizations improve customer experience by providing personalized recommendations and predictions. AI can also help BFSI organizations drive operational efficiencies by automating tasks such as customer service and fraud detection. Finally, AI can help BFSI organizations prevent fraud by identifying suspicious activities and preventing them from occurring.
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Market Segments
The artificial intelligence (AI) in BFSI market report is bifurcated on the basis of technology, offering, solution, and region. On the basis of technology, it is segmented into deep learning, querying method, natural language processing, and others. Based on offering, it is analyzed across hardware, software, and services. By solution, it is categorized into chatbots, anti-money laundering, data analytics & prediction, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Player
The artificial intelligence (AI) in BFSI market report includes players such as Microsoft Corporation, IBM, Oracle Corporation, SAP SE, Baidu, Inc., salesforce.com, Inc., Intel Corporation, Alphabet Inc., Palantir Technologies Inc., and Inbenta Technologies Inc.
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