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The Evolution of AI in the Financial Sector

November 10, 2022 / Melody Smith / Comments Off on The Evolution of AI in the Financial Sector

Artificial intelligence (AI) permeates every part of our modern lives. The incredible progress made in AI and machine learning, as well as the growth of digital ecosystems, has benefited all industries, including financial. This interesting information came to us from Mark Tech Post in their article, “The Impact of Artificial Intelligence (AI) on the Financial Technology (FinTech) Industry.”

The progress of AI and machine learning is no longer anticipated as a precursor to ground-breaking new technologies. They were once widely used in the context of technology but have since become indispensable.

Almost every aspect of the modern digital world uses AI or machine learning. With each new upgrade, AI systems become more powerful and reliable. Explainable AI allows users to comprehend and trust the results and output created by machine learning algorithms. Explainable AI is used to describe an AI model, its expected impact and potential biases. Why is this important? Because explainability becomes critical when the results can have an impact on data security or safety.

Melody K. Smith

Data Harmony is an award-winning semantic suite that leverages explainable AI.

Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.

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Melody Smith

Melody K. Smith has provided organizational, social media and digital communication services to a large non-profit for the past twenty years. Prior to that she championed employee engagement and communications in the healthcare field. She holds a Bachelors degree in Marketing. When not wrangling and writing TaxoDiary content for your reading pleasure, Melody writes fiction, rescues dogs and throws legendary dinner parties.