Artificial Intelligence (AI) technology has been around for a while, however its capabilities, funding and overall interest have only catapulted in recent years. AI has already proved its potential for effectiveness and efficiency, which eventually redefine the way we live, work and communicate with one another. The emergence of AI has actually improved human interaction, especially within business environment.
Prescriptive analytics deemed as the next frontier of disruption based on AI technology can help executives become better leaders by applying unbiased data in making difficult decisions. The rise of AI is expected to help create digital tools that will rapidly transform the capital markets value-chain by introducing aspects such as automating deal matching, investor matching processes, automated trade reconciliation, fraud detection and improve the accuracy of financial models.
The biggest and most important opportunities for human intelligence in this new age of super-powerful machine learning lie at the intersection of two areas:
- figuring out what problems to work on next, and
- persuading others to tackle them using the defined solution.
Business intelligence (BI) applications will be one of the fastest growing areas in leveraging AI technology over the next five to 10 years. By embracing the confluence of AI and BI, businesses can synthesize vast quantities of data into coherent plans of action for effective decision making. Humanising technology means designing technology to be better for humans as well as more effective in facilitating interactions between humans.