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Gone are the days when insurance and nbfc sector was relying completely on manual processes. Today with the emergence of AI and data-driven business decision making coupled with the application of IoT technologies there is a radical transformation of business processes in insurance and other financial services, like straight through processing becoming mainstream.
Let us look at different use cases:
1. Insurance Models:
Consider the recent proliferation…Continue
When we look at broadly different kinds of Machine Learning that are used in practice in Artificial Intelligence
Historically, there have been several approaches in Machine learning for AI like supervised learning, unsupervised learning, reinforcement learning, case-based reasoning, inductive logic programming, experience based generalisation etc. there have been several examples of waves of machine learning for different AI problems. But, of them the 3 most important categories of…Continue
"AI will be the most defining technology for the banking industry."
-Ravi Narayanan, HDFC Bank
Such a comment, coming from an organization (HDFC) which has taken a gigantic leap in adopting conversational banking in the form Eva, India’s first AI bank agent, isn’t surprising. However, make no mistake, AI is being accepted globally as the new UI for banks to interact with their customers. Industry thought leaders increasingly agree that…Continue
"We used computer vision, deep learning algorithms and sensor fusion, much like you’d find in self-driving cars. We call it -Just Walk Out’ technology"
Much to the surprise of everyone in the retail industry, Amazon launched a new format of stores called "Amazon Go." The most interesting feature of these stores is that shoppers will not have to check out at a counter with a clerk or even with an automated kiosk. Shoppers simply have to swipe into the store with an app,…Continue