AI Articles and Analysis about Process automation

Virtual assistants operating in response to voice or text interactions have steadily gained traction and formed a profitable sector, according to Research and Markets. The market research firm projects that total revenue will hit $15.8 billion in 2021 up from $1.6 billion in 2015. The firm also estimates that total global consumers will reach 1.8 billion by 2021.

In a 2017 symposium in Harvard’s Institute for Applied Computational Science, R. Martin Chavez, Deputy Chief Financial Officer of  Goldman Sachs explains that the company’s US cash equities trading division used to employ over 600 human traders back in 2000. Today that number is down to just two human traders, with the rest of the jobs being taken over by automated trading platforms that are managed by around 200 computer engineers.

AI could play a major role in the way European insurers do business going forward. It may provide insurers new methods for collecting customer data that offer valuable insights insurers can use to attract and maintain customers.

As the web grows and we spend more and more time online, moderation becomes a bigger and bigger challenge. Content influences buyers, and businesses eager to gain the trust of those customers are likely to do whatever they can to win.

According to data from the U.S. Department of Health and Human Services, the progress of the value-based healthcare delivery system in the U.S. — a provider payment model based on patient outcomes — has run almost parallel to the significant implementation rate of electronic health records/electronic medical records (EHR/EMR).

Last year, Boston Consulting Group reported that banks were tracking three times as many individual global regulatory changes as compared to 2011. The report added that these institutions were averaging 200 regulatory revisions per day in 2017.

Asset and wealth management firms are exploring potential AI solutions for improving their investment decisions, and making use of their troves of historical data. In fact, according to our AI Opportunity Landscape research into the banking industry specifically, approximately 13.5% of the AI vendors in banking offer solutions for wealth and asset management.

Over the last 3-4 years, sentiment analysis has become a more and more common term - understood by marketers and businesspeople alike. The idea is simple: An artificial intelligence system that can detect the emotional “tone” or sentiment of a specific text document (as long as a book, or as short as a tweet).