In the past few years, technical advancements in the AI space has enabled machines to think and act like humans. Such advancements have caused the next significant technological shift after the evolution in mobile and cloud platforms. Recently, the global AI market size was calculated to be at $39.9 billion, but by 2027 it is estimated to grow at a compound annual growth rate of up to 42.2 percent.
With continuous research, AI has made massive development in the fields such as retail, healthcare, manufacturing, finance, banking, and manufacturing. These sectors are using a blend of AI and IoT also known as AIoT. Although both technologies have individual characteristics, when used together, better and more unique possibilities open up. The ability of AI to gain insights from data quickly makes IoT solutions more intelligent.
In the banking space, for instance, harnessing cognitive technology with AI is helping the legacy companies reap the advantage of digitalization and meet the competition posed by newer financial services startups, which are already using technologies like predictive analytics, voice recognition, and others.
At this juncture, many artificial intelligence solution providers are entering the domain with advanced and integrated offerings. To help the banking sector strengthen its operational capabilities and simultaneously enable growth in the industry, Banking CIO Outlook has compiled a list of the emerging artificial intelligence solution providers. The list comprises prominent organizations in the industry that address issues pertinent to the banking sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Banking CIO Outlook’s, “Top 10 Artificial Intelligence Solution Providers –2021.”